Comment by jayd16
4 years ago
I still don't get it. We already sold digital assets so why do we need NFTs or Blockchain? What does it add here?
4 years ago
I still don't get it. We already sold digital assets so why do we need NFTs or Blockchain? What does it add here?
Party hats served no purpose whatsoever in the game except as a status symbol (arguably even!). Yet, was worth a lot of money in the game (and a god sum in real life for a high schooler)
Humans are emotional animals, utility is a very poor approximation of value.
A somewhat hard to erase record of which url "belongs" to whom. That, and it gives them the appearance of having some high tech magical properties that will lead to an explosion in value, helping to justify asking prices to the marks.
NFTs are the equivalent of decentralized RS party hats.
Except instead of a fixed (or decreasing as people slowly accidentally lose or leave the game with them in their bank) amount anyone can make a new (ugly as hell) party hat any time.
Oh and the party hat could just disappear leaving you with a receipt saying you own... something no one can see any more.
You need NFTs to have something to trade with your cryptocurrencies. And you need cryptocurrencies to trade NFTs.
Yeah. It’s for those don’t wanna buy drugs.