Аppraisalbureau: NFT value consists of more than 10 parameters – Bits Media

NFT assessment experts consider, that the cost of non -replaceable token depends on the cost of the blockchain cryptocurrency, on which it is released.

Founder of Appraisalbureau Bureau Caroline Taylor (Caroline Taylor) In an interview with The Block said, that collectible tokens should assess the most criteria, than familiar, Physical objects of art.

“NFT is a completely different beast, Compared to traditional art. A lot of thoughts about the possibilities of using NFT arise, Because you feel: Tokens have useful functionality. This is not just a collection item ".

Taylor explained, that when assessing the traditional work of art, the first question, which arises in any specialist: “What is the purpose of the assessment?"If it is done for the insurance policy, it will be a high price, If an assessment for tax is written off - the price will be lower. The expert added, that traditional works of art are evaluated by beauty, collected rarity and origin, While the NFT assessment brings a number of new factors to the analysis.

Some NFT have a built -in utility, allowing, eg, defeat the boss games or provide access to the country club in the real world. While others grant ownership of basic assets, eg, copyright to work of art.

Further complicates the situation then, that NFT is traded in blockchain networks, which show volatility. The price of the cryptocurrency of the Ethereum, on the basis of which the majority of NFT are created, Over the past year he hesitated greatly.

“Therefore, appraisers track more every day 10 data parameters. Since tokens are based on blockchains, They depend on the cost of digital currency ", - explains Taylor.

The founder of Appraisalbureau says, that appraisers make a detailed report, which indicates, How many collectors paid for similar NFT in recent years. Some unscrupulous practices from the art world flow into the NFT sector, Therefore, the market of collection tokens is becoming less and less transparent. As a result, there are more and more cases of money laundering in this market. No wonder, that the authorities are concerned about the growth of this trend, Taylor counts.

In February, the US Ministry of Finance called for the regulation of expensive works of art in the NFT market. The supervisor considers, that confidentiality and simplification of logistics due to tokenization will lead to an increase in the number of cases of laundering of money through NFT.