Value of a Lottery
A lottery has been a staple form of entertainment and charity for centuries. People like to risk a little to win big. The fantasy of becoming an overnight millionaire has turned the lottery business into the $Trillion industry that it is today. Buying lottery tickets is not a rational investment from a financial point of view, much like we are told about crypto and NFTs aren't, yet lottery play is the most popular form of gambling and the majority of the population participates in a traditional lottery.
Lotteries are enjoyed by more than just those wishing to improve their socio-economic status. It is argued that lottery play itself has an inherent value. Whether you are betting your life savings or just playing the odds, there is something satisfying about striking GOLD and even the potential gives a release of endorphins not matched by many other forms of entertainment.
The thought alone of a lottery ticket being worth more than its purchase price brings many people excitement and joy. The emotional benefits of playing lottery are immense. For one, it’s an opportunity to connect with others and have fun in a group setting which can lead into strengthening familial and non-familial relationships or creating new friendships through socializing on your own time outside the game! Lottery players might also feel prouder about themselves when they win because not only does this provide financial security but there's something really satisfying about taking home that oversized check after putting so much hard work into building up these funds over years.
Additionally, the NFT market has seen a recent boom with many interested in investing into this form of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFT). Coupling these two together is sure to attract a wide range of potential community members.
It is also important to note that even with such a great market size, the size of the community will we at its planned greatest of an exclusive 20,907 (6969 * 3 collections). This number is subject to increase if the community members wish however. Even though this membership is exclusive, we can benefit on the size of the market due to secondary sales. If access to the community is desirable, then it will incentivize members to sell their membership. We will receive 10% of each secondary sale as a royalty.
Last updated
Was this helpful?