I don't get it either. I understand that there are legit use cases for nfts.. But this stuff is insane.. Links to pictures selling for thousands of dollars.. Sometimes i think im just too stupid and maybe its just a new generation and instead of spending thousands of dollar for Gucci it goes to nfts..
It's genius in the way that it's a once in a life time opportunity for cash grab, there are tons of people willingly waiting to be exploited to buy your make-believe scarcity, you just need a good story not even a good product.
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There is no spoon. Just a hash of a jpeg of a spoon on a blockchain.
Sometimes it's just a link to an image! So if the server goes bye-bye, then you have no spoon!
I was under the impression it is always a hyperlink.
I don't get it either. I understand that there are legit use cases for nfts.. But this stuff is insane.. Links to pictures selling for thousands of dollars.. Sometimes i think im just too stupid and maybe its just a new generation and instead of spending thousands of dollar for Gucci it goes to nfts..
It's genius in the way that it's a once in a life time opportunity for cash grab, there are tons of people willingly waiting to be exploited to buy your make-believe scarcity, you just need a good story not even a good product.
No, there are not legit uses. It is for money laundering. The speculation is a side show. Although the speculation isn't legit either.
At least NFTs have a lower environmental cost than luxury goods.
At least you can use the goods for something
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