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I'm into crypto but I just don't see a future with NFTs. I think its kind of silly. Maybe they will be as popular as baseball cards but thats it.
NFT's have a real use; but, in my opinion 90% of what they are being used for are hyped uses where the NFT really adds no value or security (it's just the latest "thing").
This "non-needed use" will likely vanish in a few years as all trends go out of style.
If you could have an NFT attached to the right to use a certain copy of an mp3 and a system was installed into all devices to process NFTs, then illegal music copying would be over (and music artists could earn a lot more, and bypass money-hungry record companies). At least, that's what I read in CT magazine recently.
Unfortunately, no one has come up with a system to issue individual license keys for potentially millions of individual users, much less a system that easily allows that key to be on multiple devices that individual owns.
So, that application is theoretical at this point; and I just don't see NFT's going that route.
What ever happened to paying with solid cold hard cash (or plastic if you shop online)
The politicians decided to do that thing everyone learns in history class about the thing that goverments try to do when their money loses value... PRINT MORE MONEY.
I knew this bullshit was gonna happen ever since the freaking stimulus. Now meat is higher than ever. Shit I'll have to buy a quarter of a cow at this rate.
As far as I can make out, NFTs only endow the owner with bragging rights. I can see how they might appeal to people who feel a desperate need to always be on-trend or have more money than sense, but my main reaction can be summed up as WTF?
Owners of NFTs don't even necessarily own intellectual property rights, so it's not necessarily the case that they could choose to spend a fortune on lawyers in an attempt to claim compensation for unauthorised use of the image or whatever. So I just don't see how NFTs provide anything of any tangible value.
My daughter is seriously into art, and as much as I'd like to hope that she could make a reasonable living from that when she grows up, I do worry about it because I know that it's an incredibly competitive field. The one thing the hoo-haw about NFTs has highlighted for me is how little I know about the art market and how nobody has the faintest fucking idea of what the next hot thing coming down the line will be.
I agree man, everything is changing so fast it's hard to tell what will succeed. Its like the internet boom there was alot of big companies that failed. I also dont know what to think of the meta verse. I honestly think its kind of silly. Its like a video game and it's not a good idea for kids to be on that all day and not living in the real world.
WTF EVEN IS AN NFT I KEEP HEARING ABOUT AND DK WHAT TF THEY ARE??!!! It's seriously frustrating me now
An NFT is a digital piece of something(drawn art, photograph, music probably too) where your name is written into the code saying you payed to own this one of a kind digital work.
Imagine if you owned the Mona Lisa. The real original painting sits upon your fireplace mantle with a little plaque that says you payed for this. Now imagine anyone can come into your home, take a photo of it on their phone when you arent looking, then go home print it out, make a plaque and also hang it above their mantle saying that they payed for the original Mona Lisa.
Thats what NFT’s are, and how easy it is for someone to steal it for free.
I can understand why an NFT of a famous internet meme could be valuable. Some image/video that everyone's heard of like nyancat or something, since they're a part of internet history and then you can claim to own the original. But I don't see why I should value an image I've never even heard of, one that was created purely to be an NFT. These images aren't even very good, those Bored Ape images look fucking stupid. I just don't see why anyone would pay anything for those.
Although again, because those particular images are now a part of internet history, I could see them being valuable in the future. It'd be cool to be able to say that you own the original NFTs that helped kickstart that whole NFT fad in the 2020s.
I was gonna get my son to make some. Lol. Apparently women aren’t allowed in on the game.