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Artwork is commonly hung up as decorations in houses, offices, etc. You can also buy mass-produced artwork at stores that have zero collectible value, so the v
by ssharp 5y ago
Artwork is commonly hung up as decorations in houses, offices, etc.
You can also buy mass-produced artwork at stores that have zero collectible value, so the value of that is entirely intrinsic.
I'm not sure looking at your Opensea collection has the same value. While NFT owners will gladly tell you how much they enjoy looking at their collection, if the collection was all of a sudden worthless, they'd probably stop looking at it. In that scenario, right-clicking produces the exact same value.
Given that, the entire value of most NFTs is in scarcity and demand for a scarce product, which is totally fine. NFTs are still super-early as well and I have no doubt they will rapidly add more non-collectible value. Some are already doing this in building exclusive communities, events, etc. for owners and those uses for owners will continue to evolve and grow.
- chrisseaton 5y ago> Artwork is commonly hung up as decorations in houses, offices, etc. And people 'hang up' their NFTs on their Twitter profiles.
- yunohn 5y agoI guess that’s useful for the crypto crowd who spend their entire day shilling on Twitter then. ;-)