⚠️ Don´t fall into the trap of confusing scarcity with value
Most of the crypto community boasts about the uniqueness of an NFT as a source of value.
Confusing #scarcity with value is one of the most widespread fallacies in this industry. And it generates all sorts of nonsense on a daily basis.
👉 A stone on the ground is always unique; no 2 are identical. But that doesn’t make it valuable.
❌ Registration does not imply value.
❌ Rarity does not imply value.
❌ Uniqueness does not imply value.
✅ Value comes from human needs,
✅ Value also comes from human desire,
✅ Value is embodied as art, utility, community, brand, etc.
Once you have value, desire and scarcity will boost it exponentially.
But you need value first of all.