Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro...
by delaaxe on Thursday November 18, 2021 @10:21AM
(#29266421)
The NFT is not the picture, the NFT is the proof of ownership.
That ownership is only as valuable as the NFT's creator makes them.
Example: when Dolce Gabanna issues NFTs (they did), your wife and daughter immediately understand the value of having those displayed on a public social network profile, regardless of if tech engineers are still stuck over-intellectualizing them
Of course this only works on digital goods. NFTs on physical objects are scams.
That ownership is only as valuable as the NFT's creator makes them.
Example: when Dolce Gabanna issues NFTs (they did), your wife and daughter immediately understand the value of having those displayed on a public social network profile, regardless of if tech engineers are still stuck over-intellectualizing them
Of course this only works on digital goods. NFTs on physical objects are scams.