Every NFT is unique and there is something called the NFT standard. Specific token standards have been created to support various blockchain use-cases for NFTs and these are known as NFT standards. For those who do not know, ZRC-6 has been finalized as the NFT standard in the Zilliqa Ecosystem.

The average cost of NFTs will differ between different marketplaces, which can be like, “$900 on Mintable, to $500 on OpenSea, and $150 on Valuable among others.” It helps to know that the cost of NFTs is usually on the high side during weekdays due to an increase in on-chain activities.”

Are NFTs worth the numbers? The answer to this depends upon its utility value. NFTs are commonly used to denote game assets and tickets. The value of an NFT ticket can be the price of the event ticket. However, not all NFTs are about utility, NFTs that back artwork are valued in millions.

The Zilliqa blog states, “ZRC-6 will pave the way for Zilliqa as a leading NFT issuance platform and contribute to its energy efficiency as well! ZRC-6 will also enable royalty features (conditional royalty, dynamic royalty, or royalty as revenue streams) for marketplace payments and batch operations for minting, burning, and token transfers. With these functionalities, builders, creators, and developers will be able to unlock more creative and commercial possibilities.”

ZRC-6 is the new and improved standard. Integrating NFTs is very easy, the use case should be identified, the NFTs should be minted, the decision should be made about how to store the digital assets in a long-term sustainable way, it should be efficiently distributed across the applicable marketplace. Further additional opportunities should be identified to engage customers.

The ZRC-6 token standard is considered to be great for users because of the metadata scheme, meta transaction, and multi-token standard. These features are expected to do a great job to tap into the growing potential of the creator economy and to further empower the up-and-coming value-driven models which are disrupting the status quo for global talent.

NFTs are expected to be representations of global talent, thus empowering the creator economy and propelling greater purpose.
NFTs are already very popular. Whether it is sensible to invest in NFTs has different answers depending upon the kind of NFTs one is investing in. Luck has a role to play because there needs to be another buyer willing to buy it for a higher price. How the NFT is allotted its value and whether users will like it is one point to consider.

There are plenty of NFTs in the Zilliqa ecosystem. Different NFT projects use different methods to set the price. Whether it is digital athlete NFT, bird NFT, and whether there are high yield opportunities are all stuff to be known by doing your own research.