I am sure others have this question in their mind when they see people buying NFT for millions of dollars.
Question: Are people who buy and sell NFT for millions in it together?
Purpose: To make “headlines”.
To broaden the NFT market.
To convince naive people “you can do it too!”
To convince naive people “NFT is worth Millions”
Who benefits:
NFT trading platform
My take:
The world is a confusing place to live in for a small fry like me.
YouTube floats ideas of verifying NFTs, watching games in metaverse
By Paresh DaveFeb 10 (Reuters) - YouTube on Thursday elaborated on its blockchain and metaverse plans for 2022, saying it could harness the emerging technologies to cut fraud in the fast-growing digital art market and offer a more social viewing experience for gaming content.
https://www.reuters.com/technology/youtube-floats-ideas-veri…
I think NFT's were primarily created to have something to use crypto as a currency. It's basically the only thing you can buy with crypto, together with meta-land.
There's no other use of them. I imagine they will implode pretty soon
I don't know when but Putin will at some time in the future trade Russian oil and gas using #Bitcoin as a currency.
He will force the EU to mine and/or buy Bitcoin on the open market.
I thought NFTs is another way of trading in the cryptocurrency world with benefits?
Apparently, if you buy an NFT, the monkey one, you get exclusive rights to attend rich parties, events etc……. Pretty much a digital ticket if your name on it
Of course, you can screenshot it but the actual coding and rights of the NFT is stored somewhere….
But this is what I know of it
BAYC includes all rights like ownership and copyright. The owners can monetize it by selling prints, 👕, music vid, movies, promotional materials, stickers, anime, etc.
Owners can also collect royalties if someone else wants to use them.
buy Sats.. Not NFT… sats will hold value longer than any nft…
Hi fam,
BREAKING NEWS. Worthless scam coins, jpeg nft, Ponzi, pyramid, no intrinsic value 0 and 1 used to support and save people displaced by the conflict.
Ukraine Receives $4 Million In Crypto Donations Within Hours—Including $1.9 Million Tied To Julian Assange NFT Auction https://t.co/epM7tlHjtG https://t.co/vph2cPXy7G
Over $30 million in crypto assets have flowed into Ukraine since the start of the Russian invasion. Here's how it's working https://t.co/eA5B8WSEJ4
Ukraine is expanding the list of cryptocurrencies it will accept for donation after an outpour of support as Russia’s invasion forces a looming humanitarian crisis https://t.co/XhZXupQ6wF
Hi fam,
Breaking News
Chancellor @RishiSunak has asked @RoyalMintUK to create an NFT to be issued by the summer.
This decision shows the the forward-looking approach we are determined to take towards cryptoassets in the UK. https://t.co/cd0tiailBK
Wen 🇦🇺 NFT?
Enjoy.
The network doesn't care who uses it and what it's used for. It works as designed.
What people choose to do with the network is their business.