What is Valuable?

Apparently, something in a blockchain can be very valuable.

WHAT IS VALUABLE?

How do you determine the value of anything? The world in which we live is rapidly changing concerning values. Each of us must determine what is valuable! 

A new value craze is NFT’s. NFT refers to non-fungible tokens. They are unique, verifiable digital assets that can represent such things as a video, an image, a tweet, or an NBA dunk. A non-fungible asset is unique in that it isn’t readily interchangeable. A token refers to a virtual currency that lives on a blockchain and represents a specific asset. An NFT is documentation of ownership of a one-of-a-kind digital asset. 

People are paying huge amounts of money for NFT’s. Jack Schwarz, a 32-year-old, logged on to a platform called NBA Top Shot, and, with a few friends, he spent $208,000 on a video clip of LeBron James dunking a basketball. To defend his purchase, Schwarz said, “A lot of people tell me, I can watch the same clip on YouTube for free.” He says, “Anyone can watch it, but there’s only one original verified by the blockchain and that scarcity is what makes it valuable in the long-term.”

The first tweet of Jack Dorsey, the founder of Twitter, is up for bid. The tweet will remain on Twitter, and people can look at it for free. But once the bidding closes, only one person will be the “owner” of it. The bid is already at $2.5 million. That’s a lot of money just to be the “owner” of it.

Somebody recently paid $6.6 million for a ten-second video at a Christie’s auction. Somebody else paid $1.5 million for a code that designated them as the “owner” of a pixelated ape wearing a fedora!

When Snapchat introduced Spotlight, it promoted things that were popular on TikTok, namely “dancing videos, prank videos, challenges, and tutorials.”

To expand content, Snapchat gave videomakers bonuses. Cam Casey, a young boy who has 7 million TikTok followers, posted a video of a science experiment of an exploding Coca-Cola bottle. It became popular, so he started adding more videos. In less than three months, he had been paid over $3 million!!! He’s a 3-million-dollar boy!

You choose your values, and your choices will determine your happiness. How valuable are valuables that have to be kept in a blockchain or in a safe? Jesus tells us where to store our valuables – where they are safe and will never lose their value. (Matthew 6:19-21)

The greatest value in life is to become the “owner” of a relationship with Jesus Christ as Lord and Savior. Jesus does not live on a blockchain somewhere. He is real and alive in today’s world. NFT’s, Snapchat, and TikTok will come and go – Jesus is the same yesterday, today, and forever. (Hebrews 13:8)

The value of a relationship with Jesus Christ is that He is the only way to life here and now and life eternal. He said, “I am the way, the truth, and the life, no man comes to the Father but by Me.” (John 14:6) That was true 2,000 years ago and will be true 2,000 years from now. What value is there in gaining the whole world, but losing your own soul? (Matthew 16:26)

Jesus is so valuable because a relationship with Him is the most inexpensive and most expensive transaction in life. It is inexpensive because His grace is a free gift to you. It is the most expensive because it will require everything that you have to follow Him. (Matthew 19:16-25)

What is your most valuable possession? Write your answer here: ___________________________.

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