An NFT score can help to address some of the problems faced by the NFT market in a few different ways:
1. Standardization: By providing a standardized way to evaluate NFTs, score can help to create more consistency and transparency in the market, making it easier for buyers to understand the value and authenticity of an NFT.
2. Accessibility: A NFT score can provide a simple, easy-to-understand way for non-technical users to get a sense of the quality and value of an NFT, making the market more accessible to a wider audience.
3. Less energy and lower fees: The energy for Bitcoin based on the Proof-of-work (PoW) system. require a significant amount of energy to validate transactions and add new blocks to the chain. This is because miners in a PoW system must compete to solve complex cryptographic puzzles in order to validate transactions and add new blocks. This process, known as “mining,” requires a lot of computational power, and therefore a lot of energy. In contrast, proof-of-stake (PoS) systems require much less energy to validate transactions and add new blocks to the chain. In a PoS system, validators are chosen based on the number of coins they hold, or “stake,” in the network, and they do not need to perform any computationally intensive work in order to validate transactions. This makes PoS systems much more energy-efficient than PoW systems. Since this year Ethereum changed there system from proof-of-work to proof-of-stake. Therefore, the energy consumption and the fees are much less than before.
4. Quality control: NFT scores can help to identify and highlight high-quality NFTs and discourage the sale of low-quality or misleading content, improving the overall quality of the NFT market.
5. Legal clarity: NFT scores can provide some guidance on the legal implications of buying and selling NFTs, helping to reduce uncertainty and risk for buyers and sellers.
Generally, while NFT scores cannot completely solve all of the problems faced by the NFT market, they can help to provide some transparency and clarity, making it easier for buyers and sellers to navigate the market and make more informed decisions.