Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro...
by ASalazarMX on Thursday November 18, 2021 @12:29PM
(#29268043)
The NFT is detached from the actual object it represents, it has perceived value only with the people that accept that it represents some kind of ownership. An NFT of the Mona Lisa would be worthless if anyone could get their own original Mona Lisa, sans NFT, just by asking.
Any object that is post-scarcity (like digital images) is incompatible with the business model of NFTs... except in its circle of believers.
Any object that is post-scarcity (like digital images) is incompatible with the business model of NFTs... except in its circle of believers.