Can Foxnft.io Bring Vitality Back To Buzzybee ?

By Author: Fuio Pongg
Total Articles: 17
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No one has ever thought of the sudden popularity of NFTs in 2021. Cases like NBA Top Shot, Beeple, Axie Infinity and Cryptopunks made people started to know this industry through blockchain games, crypto arts and collections. For people who are not familiar with NFTs, the value of these products means almost nothing to them. Today, I would mainly focus on introducing the value in arts based on some analysis of some projects.

First of all, the value of art originates from philosophy, a subject of the new understanding to this world. It is related to the worldview of a person, and it needs art to be a medium. While pursuing new ideas, philosophy also asks a new way to express.

As a result, an NFT of good quality should be “thoughtful” or carries its own worldview. That is where the art value comes from. Next, the aesthetic value is our feeling when we take the first glance of a certain work. When it is sold, the price reveals its economic value. Finally, the social value of a product stands at the top.

Take BuzzyBee, the treasure brand from New Zealand as an example, its art value can help everyone to ...
... better understand the value of one NFT.

We could start with the aesthetic value of BuzzyBee.

For that, there is no completely objective standard. The value was highly influenced by personal feeling of the audience. Only those who appreciate one work would regard it as priceless, and the group of people should never be too small. In other words, only the artworks which meet the personal standard of beauty of the majority of audience would have their value in aesthetics.

Then we can apply such theory on NFTs. Any NFT artwork also needs audience that appreciate it. In the case of BuzzyBee, the treasure brand in New Zealand that lasts for nearly a century is known by all local people. It has already become a part of the childhood and owns millions of fans all around the world. With its growing reputation, BuzzyBee has expanded its branches into industries of toys, clothes, daily necessities and even amusement parks. That could be the proof of its aesthetic value as the brand walks into the lives of common people.

Next is its economic value. It must need the aesthetic value of the artworks as basement. As the fruits of the creator’s labor, the work needs a corporeal medium in the real world.. However, NFT is different from traditional types of artworks. The products are unique and irreplaceable. That is the reason why many IPs urged to enter this industry. And the high price in the auctions also symbolizes the positive thinking of the market. In the middle of August, the NFT of BuzzyBee will be on. We could expect the performance of it.

Finally comes to the social value of an artwork. As a person live in society, an artist has to obey many social rules. He or she needs to shoulder the responsibility to meet the needs from certain group of people. Similar to the emerge of BuzzyBee. Soldiers went to battlefields in WWI with their children left alone. The parents would give a BuzzyBee toy to offer accompany. When the war was over, the image of BuzzyBee cannot be departed from the country. As the symbol of its country, the brand was also used as diplomatic gifts to other nations. It was the “cultural ambassador” when New Zealand established its firm relationship with the British Royal Family. For example, when Prince Charles and Princess Diana paid a state visit to this country for the first time, their son little Prince William was only 9 months old. It was when he had his first BuzzyBee toy that would stay with him for 36 years.

At last, I would ask everyone to think another question. Whether classic IPs like BuzzyBee can regain their vitality through NFT technology? If so, would that become a new trend in the market? We can still expect the effects brought by all those innovative plans.