Lesson 13 of 1,000 · Adjusting Mentalities, Crypto Isn't Money
#13 How Do NFTs Generate Their Value?
Beyond speculation, NFTs derive value from utility, provenance, and community. Learn to spot which ones have it.
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Key ideas
- Beyond speculation, NFTs derive value from utility, provenance, and community.
- Learn to spot which ones have it.
Do it now
- UnlockMint your art on your own contract with a resale royaltyManifold lets you deploy a contract you own and set a royalty that marketplaces can read and pay on resales. Many marketplaces now treat royalties as optional, so it is a request, not a guarantee.
- UnlockMint art where the resale royalty is enforcedMetaplex Core on Solana enforces royalties by default, with allow and deny lists for which programs may trade your work.
- SolutionGet paid when your art resells: onchain royaltiesMint on a contract you own and set a resale royalty that marketplaces can read and pay automatically. List where royalties are honoured, thank the collectors who pay them, and your own contract doubles as public proof you made the work. Since 2023 many big marketplaces made royalties optional, so some resales pay and some will not.
- UnlockMint your own did:key identity in your browserGenerate an Ed25519 did:key locally, back it up under your own passphrase, and sign messages with it; the key never leaves the tab.