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NFTs are silly unless the have a redeeming value. Today, folks think that this is purely monetary (trade me for more money because it's like the gold rush). How
by sabhiram 5y ago
NFTs are silly unless the have a redeeming value. Today, folks think that this is purely monetary (trade me for more money because it's like the gold rush). However, there are valid applications as long as the bearer is entitled to "something" other than speculative value.
- SrslyJosh 5y ago> However, there are valid applications as long as the bearer is entitled to "something" other than speculative value. I've seen the assertion that there are "lots" of other applications for NFTs many more times than I've seen those applications actually described.
- lostcolony 5y agoInfinitely more, in fact.
- andybp85 5y agoTotally agree with this. A guy from a band I'm into (The Disco Biscuits) just started making band-themed NFTs and he's doing private events and stuff for the owners. The band also released a free limited one (I think 420 units, because jam band) that gives the bearer access to a concert video that they're not releasing elsewhere. It definitely seems like the community aspects to NFTs is something that can be leveraged to do cool and interesting stuff. I'm not rushing to buy one but I'm pretty curious to see what else they do. And of course this isn't unique to NFTs, if you buy a Porsche there's plenty of Porsche clubs you can join.