4 ms·
Yeah, what's even the point of the NFT at that point? It's like saying "if you buy a Cracker Jack card, we'll give you a box of Cracker Jacks!" Who's going to
by brendoelfrendo 5y ago
Yeah, what's even the point of the NFT at that point? It's like saying "if you buy a Cracker Jack card, we'll give you a box of Cracker Jacks!"
Who's going to buy an NFT that gives comes with a physical product on the secondary market? Unless that business will only sell to NFT holders in perpetuity, which sounds like a poor way to grow a business but hey, lots of things are successful by being exclusive.
- xmprt 5y agoAt this point, the only reason I can think of is VC funding. But I also don't know why VCs don't see through this bullshit... They're supposed to be smart right? Even if they're shotgun investing and hoping that one company goes 100x, I can say with absolute certainty that this company is either going to fold or get rid of the NFT aspect of the business in the next 5 years. What's the point of investing in a company like that?
- VHRanger 5y agoVCs dont care that a product is bullshit as long as they can sell it for more to someone else
- lupire 5y agoYou don't need VC to sell a NFT digital picture. There is no cost.
- jondwillis 5y agoLast time I checked, producing the very non-non-fungible ketchup perfume has a cost.
- bduerst 5y agoVCs are also like lemmings in that they need to have startups with trending tech in their portfolio, even if it's overhyped garbage. If a few jump then the others get FOMO.
- lupire 5y agoIt's just bonus incentive for the first owner. It's clearly not worse than the NFT without the add-on. > Unless that business will only sell to NFT holders in perpetuity That's what BAYC does. Then you open a next tier NFT line to expand down-market.