why are NFT a thing

[Dzali OG]

ya better get in the game now and your descendants may possibly have a better position in life.

Get like the elites and stop thinking about right now or only a year into the future. Start thinking about hundreds of years into the future.

 

[SupaDupaFresh]

The art is only a small part of it.

Think of it like a way to make a traceble ticket to virtually anything. And that ticket could be bought or sold.

For example, say im a new artist, i sell my first album as an NFT. Sure you could copy the files. But then say i make it big. I could decide that whoever owns the NFT of my first album gets paid royalty points of my next album. Or i could decide they get free entry to shows of my next tour. Also, it could be specified via smart contract that if the NFT is resold, i get a 10% cut. Again, we are just talking about art. But there is most likely different business ways to use this tech that haven't been discovered yet. It's like asking what exactly is the purpose of the internet back in 1995.

Here's a vid that gives examples of potential use cases

These niccas aint experienced VR yet. Half of them talmbout whats the point of all this digital shyt gonna be the first ones spending their last dollar on virtual reality shyt once those headsets hit budget prices and everyones copping one.

Niccas lose their minds just for daps reps and plat threads on coli. Yall gonna be lost zombies living and flossing in social media VR world. These niccas aint ready breh.

 

[HoloGraphic]

Magiceden.io

Let's flip some jpegs

 

[Ghost Utmost]

Why is stupidity a thing?

 

[HTXBreh]

Magiceden.io

Let's flip some jpegs

Yo those projects are actually awesome with alot if utility.

 

[Standing on business]

im lost brehs help me understand. they be selling for a lot too. i got one for an avi, its worth like millions but i just right clicked and saved

 

[Uitomy]

It's a very simple concept.


Do you want to buy this non fungible token for $$$ amount?


Yes? Ok then execute the smart contract.


No? Ok good bye. That's it, it's as simple as that. Also nfts are not EXCLUSIVELY art and jpegs and shyt, nfts can be contracts, order sheets, equity stakes, all that. It's a great way to record your deals and transactions on the Blockchain to VERIFY you OWN something (again which is NOT exclusively jpegs).

 

[HoloGraphic]

Nothing like buying something for ◎0.6 and seeing the floor 8x...then selling it for 200x.

Frakt-6077 is for sale on Solanart!

 

[the bossman]

Yea, but it’s not for what some ppl here think. Ppl are excited. I’m very aware it’s the future, however that future is going to be the worst period in human existence.

Why

 

[Capitol]

In this video Gary Vee claims NFTs are going to be a permanent fixture of our lives moving forward

Why @GaryVee Is All In on NFTs: Gary Vaynerchuk at Crypto Goes Mainstream - Decrypt

 

[DaddyFresh]

These dudes are like 10 years behind probably still think white people the only ones making money off stocks.

It’s just funny because you know they dont know shyt about it other then what they heard in passing and already writing it off. I guarantee you not one of them dudes every actually took time to educate their selves before forming a opinion.

 

[DaddyFresh]

These niccas aint experienced VR yet. Half of them talmbout whats the point of all this digital shyt gonna be the first ones spending their last dollar on virtual reality shyt once those headsets hit budget prices and everyones copping one.

Niccas lose their minds just for daps reps and plat threads on coli. Yall gonna be lost zombies living and flossing in social media VR world. These niccas aint ready breh.

Haha good point. Dudes going crazy for daps and reps but don’t see how NFTs and crypto can become valuable. Just look at the Coli coin thread full of members even though it’s a shyt coin going nowhere.

 

[BrothaZay]

Cac scam.

 

[ElMorenoFeo809]

I wish i can go back to the 2000s or better yet the 80s or 90s...

 

[Lord Beasley]

is error 404 an NFT's worst enemy?