Genuine question

Fad

If the "metaverse" becomes a big thing I can see it being used to buy art for metaverse houses.

Another NFT thread

Tomorrow it's my time right

Remember PlayStation home. Lol

that was the future fr

Remember Tamagatchis? It’s like that.

The original metaverse and exactly why the concept never works

yeah i do think this is a fad too but ngl i do wonder, what if we are on the wrong side of history with this way of thinking

only time will tell i guess

we will wait and see.

Nfts will be useful. There are tons of ways to use nfts beyond art. Metaverse, I find pointless

they're here to stay. allow for the market to balance out as a consumer. people are making/going to make a s*** ton of NFT bucks until 2025. 2025 is when it'll be normalized like how google image prints are normalized. Get in while it's a niche and let the plebs follow

such as ? i haven’t done much research on it but they can be used as a form of digital currency if i’m not mistaken, i could be wrong but why bother with NFTs when there’s forms of crypto better designed for that ?

@Undecided made $2 million off of NFT's

My Matrix 4 NFTs gonna slap

?

S wants to implement NFTs on this site so your going to see them for a while

its proof of ownership really not currency

digital art never had collectors value because its always been easily copied and difficult or impossible to tell which copy is the authentic ”original" but with NFTs the artwork can be attached to a unique number stored on the blockchain

but this scales to basically everything not just digital art which is the current use case. NFTs can be used to represent ownership of physical items or real estate too

the technology will be useful against fraud as well, theres no reason your concert ticket wont eventually be issued as an NFT

eventually everyone will be using them even if they dont know it

Idk of they’re a fad but they’re definitely a grift

Fad

The strongest use case for them is to utilize them as a means of replacing paperwork in logistics or finance and prevent fraud and provide a means to verify the authenticity and quality of a product.

For the first example, when selling a house, the process can be expedited through meeting certain conditions through virtual contracts instead of relying on a real estate agent. In theory this could massively speed of the time to sell a house , while cutting down closing costs and real estate fees from the seller.

And as for logistics, the main function of NFTs in the supply chain lies in authenticating products, ensuring their quality and verifying their origin.

NFTs have real use cases that will be staying here forever. I also don’t think the NFT art will be going anywhere since I believe it’s popularity is mainly used for money laundering.

Why bother cleaning your dirty money in 5 different businesses or 50 bank accounts when you can just buy a JPEG worth $3,000,000 with such anonymity that the alphabet boys don’t even bat an eye at the transaction?

I could be pulling the last example out of my ass but I truly think a good percentage of the NFT market is thriving off of cleaning dirty money.

Remember neopets?

Pokémon cards 👀