# Why NFTs have a value - - public: true - Here are the few types of NFTs and how its value is derived - Collectibles - Narratives around the assets/collection - Game Assets - Utility in the game - Virtual Land - Location, parameters (single family home vs skyscraper zoning laws), [type of structure](https://www.cryptovoxels.com/play?coords=SW@436W,4U,193S) - Locations near where players spawn receive the most “foot traffic.” Also locations near guilds, DAOs, or other entities that are active and generate content can generally drive the whole value of an entire area. A great example would be the Gangnam district in Cryptovoxels. This district was bought by a group of builders who created a Gangnam-style theme around the neighborhood and the entire value of that neighborhood increased in value. - Crypto Art - Artists reputation - Collectibles - Collectibles general have no utility. Take the example of the Honus Wagner card that sold for $6.6M - Community - There is a large community of baseball fans, who agreed that Honus Wagner was one of the top baseball fans ever - Age - People like to collect old and historical things. The card was made around 1910s. - Rarity - There were possibly 1/50 of these cards minted. And today , after a 100 years this is possibly the only card left. - Proof of Ownership - It has a well documented history of ownership from 1973. In 2012 it sold for $1.2MM - Condition - rated a 3 or “Very Good” by Sportscard Guaranty Corp - - - -