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Home » How Consumers Drive the Value of NFTs
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How Consumers Drive the Value of NFTs

Aaron BackBy Aaron BackNovember 2, 2022Updated:November 4, 20222 Mins Read
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Acceleration Economy Cloud Wars Expo

June’s live Cloud Wars Expo event featured dozens of industry leaders allowing the Acceleration Economy team access to the inner workings of the greatest growth market the world has ever known.

If you missed the Expo or just want to catch up on sessions you were not able to attend, then you’re in luck. We recorded more than 40 hours of education sessions from the event, which are available for free to Acceleration Economy subscribers. We’re also previewing the content in this series of Moments, which feature highlights from each session.

In this Cloud Wars Expo Moment, Kurt Scheetz, Exploring 5G, IBM, explains the valuation of non-fungible tokens (NFTs) and describes the ways in which the customer dictates their value.

Highlights

00:16 — The collectibles industry — which includes trading cards and unique items specific to classic titles, like Star Wars — generated $8.6 billion in 2021.

01:00 — Consumers control the value of NFTs. Scheetz compares NFT valuations to eBay and says that the consumer establishes the price of the NFT and is responsible for driving the valuation.

01:08 — The same methodology applies “as it relates to that could go up or down, but at the end of the day, you as the consumer will control the value,” he says.


To see more Cloud Wars content, including all recorded sessions from June’s live Cloud Wars Expo, please register here for your Cloud Wars Expo on-demand pass. The on-demand pass, which is included with your Acceleration Economy subscription, gives you access to approximately 40 hours of invaluable educational content from last month’s event.

CLIck here to get your cloud wars expo on-demand pass noW

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Aaron Back
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Aaron Back (Bearded Analyst), Chief Content Officer for Acceleration Economy, focuses on empowering individuals and organizations with the information they need to make crucial decisions. He surfaces practical insights through podcasts, news desk interviews, analysis reports, and more to equip you with what you need to #competefast in the acceleration economy. | 🎧 Love listening to podcasts wherever you go? Then check out my "Back @ IT" podcast and listen wherever you get your podcasts delivered: https://back-at-it.simplecast.com #wdfa

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