When you enter the world of NFTs, the traditional models of economic behavior slowly peel away and give way to a system defined by decentralization. To understand the art of NFTs, Tokenomics becomes an important part of the discussion. Simply put, Tokenomics is the amalgam of 2 words, Token and Economics. It revolves around the measure of the ‘quality’ of a token. One might ask: How do you define the quality of a token? It is basically anything that might impact the value of a token. All of these factors combine together to spit out a final number for a token, which becomes the value of that token.