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> The only thing I mind are the people pretending a real problem has been solved with NFTs. It's not a pretend problem at all. The author could have used any
by 248ff 5y ago
> The only thing I mind are the people pretending a real problem has been solved with NFTs.
It's not a pretend problem at all.
The author could have used any existing auction platform too sell the rights to that video without involving NFT or crypto-currency. But they would never have gotten that much money for it. NFT solves that.
NFT is to auctions what adding "Blockchain" to your publicly-listed company-name was a few years ago, it increases valuation to ridiculous levels.
https://www.bloomberg.com/news/articles/2017-10-27/what-s-in-a-name-u-k-stock-surges-394-on-blockchain-rebrand https://www.bloomberg.com/news/articles/2017-10-27/what-s-in...
It's stupid, but it works.