Has ASX Created NFTs that Can’t Go to Zero?

ASX is an early-stage project building currently within the Core DAO ecosystem. Founded by veterans from both Web3 and Web2, ASX focuses on marrying the advantages of blockchain technology (security, transparency, accessibility) with the best of traditional investment.

Despite its nascent nature, however, ASX already boasts two sold-out NFT mints in 2025 - but these NFTs are far from your typical speculative PFP collections, which many will remember from crypto’s 2021/22 bull market madness.

Unlike those assets, ASX’ NFTs have genuine underlying value, the collections backed by investments into premium US real estate properties, hand-selected by the project’s team of property experts. Its collections have even seen investment from funds such as Core Ventures.

It is via the income derived from these investments that ASX’ NFTs are able to offer yield to holders and this is, in part, what makes the assets so unique and sought after in the crypto landscape. 

What Makes ASX’ Yield-Bearing NFTs Special?

Several factors set ASX’ new assets apart from other NFT collections. To name just a few…

• ASX’ NFTs are backed by RWAs, unlike most NFTs which rely on mass speculation to maintain their value.
• ASX’ two NFT collections were able to sell out entirely, despite a wider collapse in NFT interest.
• ASX’ Franklin Jefferson Candlelight Apartment NFTs were the first NFTs available on Blockz (Core’s first dedicated NFT marketplace).
• ASX’ collections are arguably the most interesting NFTs within the entire Core DAO ecosystem.

However, the focus of this article is something altogether different from the above accolades. In short, ASX’ newly-minted assets are cleverly structured in a way that should allow them to maintain their value over time on an economic basis alone…

As Price Goes Down, Yield Goes Up

The first thing to note is that no crypto assets are safe from collapse and, just like all other assets, ASX’ NFTs are worth what individuals are willing to pay for them. However, the structure of ASX’ assets should make collapse much more unlikely than crypto investors are typically used to, especially in the case of efficient markets.

The magic revolves around the NFT’s automated yield distributions, which remain constant and occur regardless of the price of the NFT itself. Here’s how it works…

Let’s imagine that one ASX NFT distributes $10 per year to its holder, the income derived from revenue from the underlying property which is backing the NFT…

• The NFT pays $10 to its holder regardless of the NFT’s price.
• If a holder purchases the NFT for $100, this would equate to an APY of 10%.
• Let’s say that the market value of the NFT falls from $100 to just $50.
• The yield distribution of $10 remains constant, meaning that said NFT now delivers an APY of 20% to a buyer that bought the NFT for $50.

In short, as the NFT’s price falls, the APY of the NFT increases proportionately.

The appeal is especially clear if, for instance, the market price for the NFT fell to just $10. If you purchased the NFT for $10, its annual yield would now stand at a staggering 100%, and verifiably so.

A sustainable yield of 100% is a highly attractive investment prospect and this should, in theory, result in large buying pressure for the NFT collection which, in turn, will drive its price back up, preventing a collapse.

[Note: The example applies only at the price at which the NFT was purchased by the holder]

Conclusion: True Innovation

It is worth noting that the above example applies in efficient markets, and crypto markets can be notoriously inefficient. With that said, ASX’ NFT architecture is impressive. NFTs are known for their volatility and tendency to collapse in value. ASX’ intelligent design should go some way to mitigating this, however, and it is this prospect that has made the project’s new assets so attractive to investors and its community. 

At time of writing, there are just 8,000 ASX NFTs in existence split across two collections, and only a small fraction are listed on NFT marketplaces like Blockz. That said, given the success of ASX’ first two mints, it seems highly likely that the project will undertake another in the not-so-distance future - When that will occur, however, remains a subject of speculation.

To be the first to hear about ASX’ future plans and undertakings, make sure to follow @asx_capital on X/Twitter and keep an eye on the project’s official website.