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What I really want to see is for Jack Dorsey to attempt to sell an NFT to his first tweet (currently at auction for 2.5 million) another time. People buying NFT
by Anon1096 6y ago
What I really want to see is for Jack Dorsey to attempt to sell an NFT to his first tweet (currently at auction for 2.5 million) another time. People buying NFTs are all in on the hype of an irrational market. What is more irrational than selling a good that you've already sold? Honestly, there might be even more novelty in owning First Tweet NFT #2 than there is in owning First Tweet NFT #1! If nothing else, we'd be able to see just how much craziness a mania-induced market can bear.
- spondyl 6y agoAlong those same lines, what if Jack made an NFT of the NFT. That is, he sold the "concept of owning his first tweet" which is even less tangible
- jdsully 6y agoI think there's a strong argument an implied term of the sale was it would only be sold once. The law should protect the buyer here, and if it does not the market could adjust by adding a small contract to the sale stating the seller will not sell an additional copy.
- jeffwass 6y agoHere’s something I don’t understand. Are NFT’s all on the same blockchain? Otherwise couldn’t someone put the same asset on an alternate blockchain (or even the same asset on the same blockchain) and claim its the real one? How then do I know which is the right one to buy? For something like Jack’s Tweet #1 it’s gotten a lot of press so maybe I would know. But for some less popular digital assets, how would I know which blockchain/version is the ‘right’ one for that asset? Do we need the NFT equivalent of Twitter blue checks?