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A comment on Why Web3?. Parent comment

Re:Why Web3? by quickthrower2 on Wednesday December 29, 2021 @03:38PM (#29729694)
It is worse than that, there are no pixels! The NFT is a short string, usually a URL. It’s effectively a QR code! You can create as many copies as you like. The “value” of an NFT comes in somehow convincing people you are the official one. This needs a lot of clout: e.g. a sale by Sotherbys that is well known that people can trace back the NFT to. In a sense its like a digital antique when there are easy fakes.

My way of thinking is an NFT is a shitcoin with supply 1 and smallest denomination 1.

[ Parent | on HN ]
Re:Why Web3? by SV_BubbleTime on Wednesday December 29, 2021 @09:20PM (#29732777)
> My way of thinking is an NFT is a shitcoin with supply 1 and smallest denomination 1.

Ah, see, I ususually skip over NFT nonsense because of the sheer number of WHY and WHO it brings up… but now and then it’s summed up nicely.

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