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Rolex has a powerful brand for how many decades now? Not gonna Google it but probably at least 40 years. The chance people will suddenly decide Rolex sucks is v
by weatherlite 5y ago
Rolex has a powerful brand for how many decades now? Not gonna Google it but probably at least 40 years. The chance people will suddenly decide Rolex sucks is very low. NFTs have a few decades to go I think before we can compare them to Rolex.
- throw_nbvc1234 5y agoWhat about Supreme? or Stone Island? or Common Projects? These brands have value because of the current culture. And they will not have much value once that culture shifts. People will spend money on status symbols and will continue to for a long time. NFT's (or something else like them) in a world with metaverses will likely become status symbols. Doesn't mean any individual aesthetic NFT has value but the general concept could survive and mirror the trends seen in (expensive) clothing brands. And the majority of people won't care and will think it's a complete waste of money.
- weatherlite 5y agoWell you made me Google it Rolex was founded in 1905, that is quite a few culture shifts coming and going...we can safely call it durable. It's very possible NFTs will be the same we just don't know yet.
- tsimionescu 5y agoYeah, but you can't generally re-sell a Rolex watch for a profit. There are some particular models for which you can, and probably a very old still-working watch will always have some kind of collectible value, but otherwise Rolexes are not really a collectible market.