This NFT just sold for half a billion
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Pull Up the Roots
Veteran
Can somebody explain this? What is an NFT? And what is ETH? And how does that much ETH translate to a worth of $530m?
just pretend it’s a fad or a scam
you can just read the bullet points to get a quick idea or the whole article if you want to dive into it…
What to know about non-fungible tokens (NFTs) — unique digital assets built on blockchain technology
…and ethereum (ETH) is a digital asset that is often used to purchase NFTs…currently 1 ETH is worth approx. $4400 (new high price)
What to know about non-fungible tokens (NFTs) — unique digital assets built on blockchain technology
…and ethereum (ETH) is a digital asset that is often used to purchase NFTs…currently 1 ETH is worth approx. $4400 (new high price)
I’m bout to NFT every single smiley and GIF on The Coli and be rich rich
Alls I need is a real one like @Orbital-Fetus autistic ass to gather the data
i'm not a money launderer.
You already know
Tres Leches
Empire Business
until then we gon be thuggin behind a project building plottin on a way that we can make a billion
Renegade47
Superstar
dark web laundering scheme
ImLionyall
Workin on dat Roar
Its on brand though. Money laundering has been keeping the art afloat since forever. Top 5 ways to clean/insure money.
First thing I thought. Either that or parking money.
sanityovar8ted
OG Moma Coli....dat bytch Thowd!!!
1 other person
Superstar
Yall are sitting on a gold mine and don't even realize it. The first person to make an NFT of this, 
. Is going to make bank.
. Is going to make bank.SupaDupaFresh
Superstar
Nah
I’m about to make my own NFT’s
about to become a 10 figure nikka
Lemme see what I can do with this
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.
It is