The crypto-currency value is manipulated by billionaires, and get-quick-rich schemes. Consider Hawk Tuah and Trump-meme coins. It's overall poor for monetary value, with daily radical fluctuation.
As a technology it's interesting. I think NFTs was an interesting idea, looking for a problem to solve. Proof of ownership can still be substantial. Kickstarter was attempting to use it, but I think took the wrong attitude towards it. And selling NFT "art" was an exploitive get-rich-quick scam from the beginning.
Probably one of the more legit uses was CryptoKitties, where it used blockchain as proof of ownership for game pet generation.
Comments
The crypto-currency value is manipulated by billionaires, and get-quick-rich schemes. Consider Hawk Tuah and Trump-meme coins. It's overall poor for monetary value, with daily radical fluctuation.
As a technology it's interesting. I think NFTs was an interesting idea, looking for a problem to solve. Proof of ownership can still be substantial. Kickstarter was attempting to use it, but I think took the wrong attitude towards it. And selling NFT "art" was an exploitive get-rich-quick scam from the beginning.
Probably one of the more legit uses was CryptoKitties, where it used blockchain as proof of ownership for game pet generation.
https://en.wikipedia.org/wiki/CryptoKitties