3 ms·

So NFTs are valuable because they’re unique- but this guy has created a fractional ownership screen so an unlimited number of people can own 1 NFT. Oh and he’s

So NFTs are valuable because they’re unique- but this guy has created a fractional ownership screen so an unlimited number of people can own 1 NFT. Oh and he’s lying about his identity and business relationships.

dgellow 6y ago
> So NFTs are valuable because they’re unique- Just a small correction: they are "valuable" because they are unique AND because people want them. Otherwise they have no value. Scarcity in itself isn't enough to have value, you still have to create hype around the token somehow. ("valuable" in quotes, because it's really not that clear there is any actual value in an NFT that isn't legally binding...)
- ahepp 6y ago
  Not clear that it's scarce either, since the guy owns 59% of them. Seems like a classic trick to jack up the "market cap"
  - ketamine__ 6y ago
    This is an industry where a startup launches and a few days later has a $400 million market cap.