Re:NFTs are the new Beanie Babies
by babelchips on Thursday October 14, 2021 @02:05PM
(#28867751)
The problem with that article is it confuses NFTs with NFTs being used as collectibles.
It’s like criticising the JPG file format because a lot of people use it to just store pictures of cats.
The practical use-cases for NFTs, tokenisation of real world items, identities, proofs, certificates etc., goes far beyond the collectibles market.
NFTs are going to play a massive role in our lives in the future. Criticising them because of one trivial (albeit lucrative) aspect is missing the forest for the trees.
It’s like criticising the JPG file format because a lot of people use it to just store pictures of cats.
The practical use-cases for NFTs, tokenisation of real world items, identities, proofs, certificates etc., goes far beyond the collectibles market.
NFTs are going to play a massive role in our lives in the future. Criticising them because of one trivial (albeit lucrative) aspect is missing the forest for the trees.