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NFTs started to make sense to me after I watched this video about modern art: the $150000 banana https://www.youtube.com/watch?v=so8sB25IL4o https://www.youtube
by yodsanklai 5y ago
NFTs started to make sense to me after I watched this video about modern art: the $150000 banana https://www.youtube.com/watch?v=so8sB25IL4o https://www.youtube.com/watch?v=so8sB25IL4o
There's really not much to NFTs. Everything is in the name. Non Fungible Token. They can have value because they can be linked to an owner (unlike the air, or the moon) and are non fungible (unlike a grain of sand). Some do have value because people think they can make a profit selling them to someone else.
It's very similar to modern art.
It's just an old idea that blockchain guys have been reusing, for lack of better application for their platforms. To me, the excitment around such a silly concepts says a lot about the state of blockchain applications...