Problem Set $1.$ You are an equity researcher studying the stock value of a car company Alfa Romeo, and

recently the company introduced NFTs to record vehicle data and generate a certificate that can be used as a

guarantee of the car's overall status.

$($a$)$ Which valuation method would you use to estimate this "additional value" from the use of NFTs$?$

$($b$)$ Can you describe your approach in more detail $($try to use numerical examples with reasonable

assumptions$)?$

$($c$)$ Are there any constraints that limit what your chosen valuation method can do to estimate this "additional

value" from the use of NFTs$?$