Why Are People Suddenly Paying So Much For This?
NFTs (non-fungible tokens) burst on the scene with a $69 million sale of Beeple’s digital art. Now players behind the so-called metaverse are betting “digital scarcity” will create a whole new ecosystem of play and commerce.
#NFT #OutOfStock #BloombergQuicktake
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Would you buy an NFT?
Why not turn the wallet address from a string of hexadecimal characters into an NFT that is instantly recognisable then make whole wallets recursive and transferable?
The issue of consuming electricity could be covered more deeply. I can see how that might become an obstacle, even if these guys seem to pay no attention to climate change.
I took a screenshot and used the screen recorder on my iPhone
I guess some of it is due to money laundry, just as in the physical art market.
When u take funds from progress & put it in the hands of idiots…that's what tends to happen…
Wanna know more about ponzinomics 😂
We are living in a crazy age..
Thx for the video
Roblox metaverse is better
I found what doge coins can be used for
Can I NFT a patent or copyright (or personal State or Federal Trademark)? THAT might be worth something to a lot more investors.
I was thinking of a game that rewards mBTC to players and is paid for by subscription services and fancy economic models which make breaking even and/or profiting difficult, rewarding, investment heavy, gambler's fallacy heavy, sunk-cost fallacy heavy, and/or cosmetics heavy. Seeing as a lot of modern games use these ploys anyways, just putting money in one seems logical.
Idk about "assets" other than the actual currencies in the next 5-10 years being terribly worthwhile. I'm skeptical because of low user-base.
HAHA, world for sure is going to look like in a movie "Idiocrasy" preety soon.
This title is clickbait.
Because cryptocurrency regulations are coming soon. Nfts are not classified as currencies (money laundering is advancing)…paying $200k for a jpg rock…sure 🤣
This is why micro transactions are illegal.
Ridiculous
So they’re creating their own blockchain to create digital scarcity in their game. They could literally program the scarcity in without blockchain in the same way fifa does with their ultimate team, blockchains a gimmick for them
FOMO
The most obvious Ponzi scheme I've ever seen.