IOSG Weekly: From Commodity Speculation to Financial Speculation, The Symbol Game of NFT Derivatives

Preface As we all know, the business operations of speculative traders are irregular and uncertain. This year he is a stock trader, next year he might be a cryptocurrency trader, and the year after he might become an NFT trader. Regardless of what he trades, as long as he expects the returns to potentially be higher than other trades, he will enter, and when returns are lower than other trades, he will exit. (Reference: Adam Smith's "The Wealth of Nations") The emergence of NFT derivatives can greatly promote the transformation process of NFTs from commodity speculation to financial speculation, bringing huge potential returns.