3 ms·
Which is a bad strategy as dictated by signaling theory [1]. There's nothing rare or costly about them when you can keep hitting refresh to get a new one. Inst
by azinman2 5y ago
Which is a bad strategy as dictated by signaling theory [1]. There's nothing rare or costly about them when you can keep hitting refresh to get a new one.
Instead, if there were only a few produced in the world, and you owning it give you some kind of status, then you'd have a real potential NFT.
[1] https://en.wikipedia.org/wiki/Signalling_theory https://en.wikipedia.org/wiki/Signalling_theory
- Fnoord 5y agoIt is worse. Anyone can own it. NFTs don't avoid copying, and they are in no way recognized as copyrighted material. Its like having a proof of ownership of a public good: worthless.