Sorry I have been unfocused lately this is not a vintage NFT of course.
It is an Asset Backed Token (ABT) which was at the time pegged to custom art assets. It is unique in its category since the other ABT's from 2017 were all backed by Gold or fiat.
https://www.coingecko.com/en/categories/tokenized-productsThe art assets were migrated to Opensea and Rarible in 2021/22 and are NFTs since.
The only comparable asset is vintage NFT's and for this reason I argue that it may hold a fraction of the value of a vintage NFT.
The problem is that the spread between different 2017 NFTs is big, anywhere from $100k to billions.
I am willing to sell for $1m or thereabout.
It's art, it's crypto, it's 2017 and it is also the progenitor to fractionalization of art assets on blockchain. Vaulting is in mass use today in many projects but from a collectible aspect it does not appear to be particularly valued (collectors aren't looking for vault chronology in other words). So I would not claim that this part of the projects fungible innovation is valuable, but it appears to be the originator of a concept which was later reinvented and widely implemented. Culturally (in the commercial art circuit) that is usually one hallmark and indicator of value (originator/use case).
The confusion and uncertainty is caused by the wrongful attribution as an NFT.
It has alot more substance than 2021 or newer NFT's but then again most of those are not worth anything.