2 ms·
I assume it’s similar to owning an original famous painting as opposed to reproduction or investors collecting NFTs hoping to resell at a higher price later.
by the_only_law 5y ago
I assume it’s similar to owning an original famous painting as opposed to reproduction or investors collecting NFTs hoping to resell at a higher price later.
- amscanne 5y agoExcepts bits are fungible, and the NFT bits on the blockchain aren’t even the “original bits”. An original painting isn’t fungible, and was actually painted by the artist. Only the pure speculation angle make sense. NFTs are the best example of greater fool theory in action.
- smabie 5y agoNFTs are pretty dead at this point, so I suspect the buyer doesn't think they will ever get their money back. Probably just bought it because it was funny or something else (it's abundantly clear to everyone in crypto that NFTs are a fad that has already passed).