How should NFT be valued?


  • Xiting Wang



Value; NFT; Worth.


NFTs are non-fungible, one-of-a-kind digital assets that are enabled by blockchain technology. Digital encrypted assets known as non-fungible tokens are one-of-a-kind, rare, and impossible to duplicate. A greater variety of use cases, including as digital art, domain names, gaming, collectibles, and others, have been observed recently for NFTs. On a blockchain, like Ethereum, NFTs are created (i.e., minted), and they can be used to confirm ownership of an asset (where it came from, who is the owner, etc.). Data from a joint analysis by and L' Atelier BNP Paribas indicates that 2020 In 2018, the overall market value of the NFT market was around $ 338,035,012 with an annual growth rate of 299%. This excludes wash trading and abandoned projects. Some NFTs cost millions of dollars, which is quite expensive. How can the value of NFTs be fairly honestly evaluated is a common question. Let's analyze the history of NFT's evolution before responding to this query.


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Daniel Van Boom, NFTs explained: Why people spend millions of dollars on JPEGs, Jan. 13, 2022 2:33 p.m. PT.

nftmarketing, How The Value of NFT is Determined.June 20, 2022.

David Cash,Meebits: A bit of me in the Metaverse,May 4, 2021.

Nick Tomaino,Digital Collectibles: A New Category of Tokens Emerging,Feb 27, 2018,

CoinYuppie,I don’t understand NFT, just understand these paintings • 2021-11-25 21:00 • Metaverse & NFT News.

CoinYuppie,Universal NFT Knowledge Graph - "From 0 to 1: Mastering NFT" Chain Capital's partner • March 1, 2022 afternoon8:49

MITCHELL CLARK, NFTs, explained / I have questions about this emerging... um... art form? Platform?,Updated Jun 6, 2022, 8:30 AM EDT

Laura Wood, Senior Press Manager,Global Non-Fungible Tokens (NFTs) Market Report 2022: Rising Demand for Digital Artworks to Drive Sector Growth – Research And September 16, 2022 09:39 AM Eastern Daylight Time,

Peter Tong and Michael Tomasulo,Understanding the Intellectual Property Value of NFTs,May 27, 2021.

Juan Villa.What Is an NFT? 2022-2023 Full Playbook, Sep 7, 2022.




How to Cite

Wang, X. (2023). How should NFT be valued?. BCP Business & Management, 36, 468–479.