Re:Why the NFT Craze Is a Bubble Waiting to Pop
by Klwohu on Tuesday March 09, 2021 @09:56PM
(#26407216)
How is it even a bubble? A bare handful of high status sales? Sure the asking price for some silly crypto kitty might be high but is anybody really buying? And where's the proof that they are?
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| on HN ]
Re:Why the NFT Craze Is a Bubble Waiting to Pop
by ytpete on Friday March 12, 2021 @02:46AM
(#26433210)
> is anybody really buying?
An NFT sold for $69 million just today: https://www.nytimes.com/2021/03/11/arts/design/nft-auction-c...
Aside from that eye-popping headline, the same article mentions other sales hitting $7.6 million (CryptoPunks), $6.6 million (another Beeple piece), $382k (Banksy-derived piece), $100k+ (CryptoKitties), etc. Whatever this phenomenon is, big money definitely is getting spent for real – to the extent you consider spending cryptocurrency "real," anyway!