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Consider baseball cards. I own 5000 cards with a total value of about $50. A few NFT’s will be very very valuable. The first one George Clooney sells. The fir
by iambateman 6y ago
Consider baseball cards. I own 5000 cards with a total value of about $50.
A few NFT’s will be very very valuable. The first one George Clooney sells. The first one ever created. The 6 Banksy sells under a pseudonym that no one realizes for a year. The song Taylor Swift limits to 1 copy.
But almost all of them will be worthless.
The difference between baseball cards and NFT’s is that for generations, no one really cared about baseball cards. It wasn’t until the 80’s that people realized they had significant collectible value. By comparison, NFT’s have tremendous cultural hype.
Some people will do very well with this bubble, as a few do in every bubble. But it will be very few.
- electriclove 6y agoAs a fellow former card collector, I can emphasize although I don't think the result will be as extreme as you've laid out. It all comes to supply and demand. If Taylor Swift could create 1,000 NFT prints for $10 each for each of her songs, they would be sold immediately.
- krsdcbl 6y agoI'd agree for a lot of the "random things getting NFT'd" - but it's definitely different in the art market, where right now quite some moderately known artists are making okay money from digital art through nfts. Not Mona Lisa kind of money, but it definitely does open up the art market for digital creators in a beneficial way. A picture isn't inherently worth anything, it's worth what someone will pay for it and doesn't depend on some kind of novelty character