I've heard there is a market for buying up, or creating NFT's out of popular brand names, in the hopes of reselling it in the future
sort of similar to buying up internet domain names in the early 90's.
From what I understand, people are buying, or creating NFT's, like a Microsoft NFT(the name ofcourse) and Chanel NFT and etc
Is that true? I dont know too much about this NFT shyt
it doesn't work exactly like domain names more like trading cards or art. but you can be the sole owner of it. Companies are taking part of though.
Louis vutton is selling NFT's and other companies are too.
you personally can't really create an NFT and sell it with a trademarked name because they can sue you
at least I think you can't
Right now people are creating cards, characters, and art as NFT's to make you the sole owner of that NFT
people are making bank because the items catch on
NBA Topshots, Crypto Kitties, Crypto penguins, there's a pet rock one too.
you can make a whole new ip and sell them as NFT's if you're creative enough.
or find a product you like and collect them