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Until there's a better second-hand market for NFTs, they will remain a ripoff.
by theandrewbailey 4y ago
Until there's a better second-hand market for NFTs, they will remain a ripoff.
- beyondrarity 4y agoThere are countless secondary markets for NFTs. I do agree that the current meta of dumping bags onto unsuspecting new users isn't beneficial for anyone. That being said, are you buying for profit or are you buying for access to product, community, etc. Not every baseball card you buy is going to make money. Takes time in, research, and understanding of what has value.
- quantified 4y agoWhen the ownership of the NFT corresponds to exclusive access to the thing that the NFT is a receipt for, they'll make more sense. I can put up any Bored Ape I want to as my Twitter image.
- beyondrarity 4y agoThat is already happening. NFT gated tools, services, saas, events. You can put a bored ape on your twitter PFP but you aren't getting into their party at NFT NYC.
- JohnFen 4y agoMy problem with the concept of NFTs is that I still don't see what use they really are. All the use cases I've heard so far can be better done (or, worst case, done as well) using existing mechanisms. This article doesn't even try to make a solid case for their use. It simply declares them useful as part of their sales pitch.