The Cointelegraph en Español team has spoken with Franco Martínez – DeFi researcher / BizDev at Defiant, about NFTs, and we have been able to collect their impressions on this technology that seems to be gaining more ground and relevance in various sectors.
In the first place, Martínez told us that although, Despite the fact that many say that NFTs are a fashion, the reality is that some collections, not only stopped being a simple collection, but also became a registered trademark and even bring benefits to those who own them.
“It is like this, they provide a certain identity to those who acquire them. For example, the “Bored Ape” Yuga Labs collection is currently one of the best known and has reached commercial agreements with Adidas and several other companies, which grant “benefits” to the holders of that collection”commented.
“Also, as an identity, many well-known personalities have stopped showing their luxurious material goods and have begun to do what is called “FLEXING” showing that they have a Bored Ape for the value that they have reached ~500,000 USD approximately, the floor price arrived “added Martínez, who also explained that with these NFTs the fashion of requesting permissions from the owner of a certain NFT to be able to include it in a music video and in return receive a canon for using that image has arisen.
On the other hand, Matinez spoke in relation to the fact that many companies speak of metaverses as something recent, having already existed for a long time in virtual environments. According to his personal opinion, the Defiant representative, when you play a game the player is simply having fun without owning something in the game, but unlike, when you have an NFT you become the owner of an asset in that play.
“That NFT has an ID and it is inside your crypto wallet, you can sell it in a specific market place for NFT, you can exchange it, we can receive benefits by being a holder of that collection. That is to say, the role of decentralization plays a strong role, being able to be the owner of your character, land, object, etc. and have custody of them”Martinez said.
“Many companies at a commercial level are starting to advertise in the metaverse, for example Dolce & Gabbana made a parade in the metaverse, in Decentraland, and showed part of their fashion collection”he added.
Likewise, Martinez expressed himselfOn the labeling of NFTs as a bubble, stating that it is an unregulated free market, where there are some collections that are worth millions and others that are worth very little.
“The market will validate those prices if it sees that it can have benefits and so on…”Martinez noted.
In this sense, He described in part as subjective the way in which the value was given to NFTs, and that the phenomenon of high prices is something that happens in a similar way in other sectors. “Who validates or says that a certain art painting should be worth a certain amount of money? When a work of art is bought for a very high amount, the usual comment is “they are crazy”, but the same thing happens in other areas and NFTs are no exception”he indicated.
Having said this, Martínez also took the opportunity to explain that NFTs, the community that formed around them played a very important role in the development of the project that involved them. “Normally ideas are proposed and it is voted whether it is carried out or not, the combination of NFT and DAO have generated that it is like a “company” in itself. Where the holding people propose and vote what to do with the royalties generated, what agreements would be good for the collection, etc.”, he expressed and emphasized that there was more talk about NFTs from a speculative perspective only because the focus is usually on the price and not “in everything that is behind”.
“NFTs have helped many artists get their work out there that they might not otherwise have. From paintings, collections or even photos. The reality is that taking up pricey topics is interesting, the community is the strongest and what is most valued on the web and without a doubt the NFTs have boosted this a lot”Martinez concluded.
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