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Gamblers who have never actually bought real art, magically, start appreciating .jpgs when they can gamble on them. NFT's are where some make a .jpg, but try an
by RichardHeart 6y ago
Gamblers who have never actually bought real art, magically, start appreciating .jpgs when they can gamble on them. NFT's are where some make a .jpg, but try and figure out some way to sell it for 100's of thousands of dollars. So some buy it from themselves so people think it's valuable. Then some rube might actually buy it and the .jpg creator "gets" his money. NFT for me means No F**** Thanks.
There is a small edge case of useful NFT's that abstract contract functions into another form so a normal "send" can be used to do something more complicated. They're nearly never used in this useful way.
In the bear market, these price of these tokens is annihilated quite rapidly. Also, I'm biased.