This NFT just sold for half a billion

[1thouwow]

This is illegal and funny money

 

[1thouwow]

Before people get excited, the whole NFT market is really no different than the physical art world. Most of these people selling million dollar NFTs have established profiles in the art scene to begin with. Thats why their stuff is so valuable to collectors regardless of what the art actually is. Its really the celebrity artist or who ever put out the NFT that brings it collectors value, not so much the product itself. Baknsy can put out an NFT of a stick figure with circle boobies and itd sell ton. LeBron James can sell a photo of himself taking a shyt as an NFT and it'd go for a good hundred stacks easy. A regular Joe Schmo like me and you would have to paint an entire photorealistic Italian Renaissance piece to get any notice.



Nah. That would be the equivalent of going to a museum, taking a photo of a piece and trying to sell it. The whole gimmick (and added value) of an NFT is that, as a digital asset, its ownership can be traced, proving its an original piece you payed for and not a copy.

I know it still sounds off but the folks buying these NFTs are looking towards the future and anticipating when AR and VR tech really begins kicking off. Thats when paying for and owning digital assets, including original artwork, will really make sense.

If you think this is ridiculous, give it another ten years and wait til you see folks spending legit money on digital clothing, digital toys and furniture and all types of shyt, on some real life The Sims or Fortnite type shyt. Ifthw tech aint there already the plug-in-and-stay-in consumer virtual world is right around the corner.

nikkas can’t even trace the origin of memes properly but u think they can trace a screen shot of a generic art now that it’s “NFT”?

 

[the bossman]

nikkas can’t even trace the origin of memes properly but u think they can trace a screen shot of a generic art now that it’s “NFT”?

Look up what a blockchain does

 

[hatealot]

It's just money laundering for all those who made millions on crypto when bitcoin was like 300/coin selling drugs on the black market.

It's all bullshyt.

If it was 300/coin back then, they sat on it and now they just creating other ways to cash out.

The ledgers on the market selling drugs was crazy. A month they was doing 300k a month at 300/coin.

There's alot of secret milliionares.

They still need to convert it to cash at the end ofnthe day. Alot of fake coins popping up to try to hide the end product. Straight up cash.

nikkas be transferring between this coin and that coin, and creating new products to wash it. Just one big jack off jam between everyone.

 

[Artificial Intelligence]

.......................

 

[alpo]

Before people get excited, the whole NFT market is really no different than the physical art world. Most of these people selling million dollar NFTs have established profiles in the art scene to begin with. Thats why their stuff is so valuable to collectors regardless of what the art actually is. Its really the celebrity artist or who ever put out the NFT that brings it collectors value, not so much the product itself. Baknsy can put out an NFT of a stick figure with circle boobies and itd sell ton. LeBron James can sell a photo of himself taking a shyt as an NFT and it'd go for a good hundred stacks easy. A regular Joe Schmo like me and you would have to paint an entire photorealistic Italian Renaissance piece to get any notice.



Nah. That would be the equivalent of going to a museum, taking a photo of a piece and trying to sell it. The whole gimmick (and added value) of an NFT is that, as a digital asset, its ownership can be traced, proving its an original piece you payed for and not a copy.

I know it still sounds off but the folks buying these NFTs are looking towards the future and anticipating when AR and VR tech really begins kicking off. Thats when paying for and owning digital assets, including original artwork, will really make sense.

If you think this is ridiculous, give it another ten years and wait til you see folks spending legit money on digital clothing, digital toys and furniture and all types of shyt, on some real life The Sims or Fortnite type shyt. Ifthw tech aint there already the plug-in-and-stay-in consumer virtual world is right around the corner.

 

[Louisville Slugz]