3 ms·
So you're trying to imply: > Typically these buyers will value an NFT due to the rarity of the NFT This is burying the lede, rarity of the NFT matters once th
by BoorishBears 5y ago
So you're trying to imply:
> Typically these buyers will value an NFT due to the rarity of the NFT
This is burying the lede, rarity of the NFT matters once the 3rd party is tying something to it.
Think about this for a second, what is an NFT allowing? Allowing you to prove you own the NFT. When do you prove you own the NFT? ... when someone 3rd party that asks to check it. And why do they ask to check it? Because they've added some sort of meaning to it by tying it to a non-NFT asset.
If a 3rd party does not assign some value to it... who's going to check you own the NFT? To what end will they check you own the NFT? An NFT with no 3rd party value is essentially a non-fungible cryptocurrency, and what good is a non-fungible currency?
> this is the authority that you are referencing
You know it's not. You're replying to an article about how the centralized agency that maps NFTs to non-NFT assets held by 3rd parties is now valued at 13 billion dollars.