The Game of Thrones NFTs: Not Worth the Hype

Recently, fans of the popular television show “Game of Thrones” have been buying non-fungible tokens (NFTs) featuring characters and scenes from the series.

These digital collectibles, which are sold on a blockchain platform and marketed as one-of-a-kind virtual items with the potential to appreciate in value over time like cryptocurrencies, do not actually hold any real financial value.

First, it’s important to understand what NFTs are. They are digital assets that can be stored on a blockchain, a decentralized ledger, and are uniquely identifiable*. NFTs can be used to represent digital art, virtual real estate, and even trading cards.

The NFTs of Game of Thrones is being sold on a blockchain platform, but it’s important to remember that just because something is encoded in the ledger doesn’t automatically make it valuable.

The value of NFTs is determined by market forces—and for the Game of Thrones-themed NFTs currently being sold, that means hype rather than anything else.

One of the main issues with the Game of Thrones NFTs is that although each has a unique digital signature, its image or video content is not truly one-of-a-kind. Anyone with access to streaming services or DVD sets can view the images or videos used in NFTs, so these items are not truly rare.

Additionally, the NFTs are being sold at exorbitant prices—some have gone for thousands of dollars. This isn’t a reflection of their true value but rather reflects hype around Game of Thrones as a global brand.

Additionally, the value of an NFT can fluctuate wildly. There is no guarantee that it will increase in value over time—in fact many quickly lose their luster once hype around them dies down.

Though the hype around Game of Thrones NFTs is high, the reality is that they are not worth what their sellers ask for them. They aren’t truly one-of-a-kind and their value comes from hype rather than any real underlying difference between other like items.

Not all non-fungible tokens are good investments. Before buying into the hype of NFTs or any other digital collectibles, you should think critically about their value and potential return on your investment.