It's remains sad that the name NFT is tainted by scams. In business, we start using NFTs more in various other contexts than "art". NFT technology, without the scam marketplace, has many use cases that we only now start to see benefits from. It's a very good way to digitize assets and use them in business processes.
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Explain to me one such benefit please
For you as a user, this example can be interesting: event tickets.
Today, the market is dominated by companies like Ticketmasters and scalpers. Artists have very little control over their ticket price. Here in The Netherlands, some prominent artists started using GET to issue their event tickets on (these are technically NFTs). This gives them the assurance that the audience pays a fair price for the tickets and that scalpers cannot trade it for a higher price. Both the audience and the artist are better of using this technology, than issuing their tickets via Ticketmasters.
https://guts.tickets/ E.g. Dutch article with prominent artists starting sales via GUTS in 2018, and they still use that platform today: https://www.parool.nl/kunst-media/jochem-myjer-en-youp-van-t-hek-pakken-ticketfraude-aan~bc419f5c/?referrer=https%3A%2F%2Fwww.google.com%2F
You've heard of landlords, but have you heard of NFT-Land landlords? 🤭
"Kids, if you really want to piss off your parents, buy real estate in an imaginary place."
When my these first arrived my brother was all about them. Dude was stoked and thought he was the next billionaire. I then asked him what's to stop someone from copying the image? He shrugged and idk man man but im going all in. It was on that day that I knew my brother was tarded
Tbh I get it from a certain point of view. We all made fun of bitcoin at first but now it's pretty common for people to wish they could tell their younger self to get as much as they can afford.
I get the idea of not wanting to miss out on the next thing that did that.
Bitcoin is still fucking shit. That just amounts to "I wish I was there first in this this pyramid scheme". It doesn't change what it is.
Sure, never said otherwise, so you can see how someone could theoretically think maybe nft is the next bitcoin and want to get in early.
My first wife was tarded. She's a pilot now.
Yep! Don't worry, scrote. There are plenty of 'tards out there living really kick-ass lives!
Why come you don't got a tatoo??
Is it over? I stopped watching.
Fifa is selling world cup nfts right now...
Fifa is pretty fucked up and behind the times. I am not surprised.
It's so funny looking back at it (though it was funny while it was happening too), these new-flavor cryptobros tried so hard to convince themselves that they were in the right, they made "cartoons," games, I think they even planned like an island resort or something around their monkey pictures.
My coworker had a virtual NFT gallery full of Marvel NFTs, all laid out like a showroom. He literally spent thousands, now it's worth close to nothing.
The national news media got behind it big, which I really don't understand.
It never made any sense.
Explanation: Money.
Whenever you see a headline or article and don't understand why they're lying or pushing something. The answer is that it makes someone money. And a large chunk of modern media is owned by a handful of people who's goal is to make money, not tell the truth.
Pump and dump deep state. It’s still happening. New sucker born every minute.
I remember reading a proposal how music artists could somehow use nfts as digital record keeping so when digital tickets are resold they could get a percentage of the sale each time it was resold. Making more money for artists and disinsentivising resale but you know ticket places would never let it happen. I'm sure you could do it without nfts but it seemed like a really great idea.
I'm sure you could do it without nfts
Yup! There were no technical problems that weren’t already solved, but NFT bros made grand claims unrelated to reality.
Techbros are still doing it. In this thread even, and people are still falling for it judging by their upvotes.