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Re:Why Web3? by chii on Wednesday December 29, 2021 @08:18PM (#29732363)
> NFTs are also a hobby not an investment. You just hear about the investors because they are the loudest.

Or the only voice, because no one else is interested in looking at a hash for fun. The real artwork is easily digitally duplicated and so if your hobby was to look at the art, you do not need to purchase the NFT.

Re:Why Web3? by everfree on Wednesday December 29, 2021 @08:36PM (#29732494)
Spending a few dollars on NFT "ownership" is worth it to me to have my name next to something, just like spending $10 on a League of Legends skin is worth it to some people to have their name next to a piece of artwork in a video game.

I am literally interested in looking at a hash for fun, since it shows up online in NFT viewers with a little picture of it in my account. $10 is such a small amount of money to me, if I didn't spend it on an NFT then I may have bought a CS:GO skin or hypothetically some Candy Crush lollipop hammers, spent it at the arcade or put it into a slot machine or something. The NFT sparks better conversation.

That's before getting into the fact that if I buy an independently drawn NFT, that $10 doubles as a donation to help support the artist's work, and the NFT becomes public proof that I helped financially support the artist.

Re:Why Web3? by jboy55 on Thursday December 30, 2021 @12:53AM (#29734076)
You can also spend money and get a star named after you. I suppose you could assign an NFT to the stellar coordinates and sell the stars as well.
Re:Why Web3? by SgtBastard on Thursday December 30, 2021 @01:59AM (#29734385)
Not only could you sell stars as well, you could sell the same star on multiple chains!
Re:Why Web3? by miracle2k on Thursday December 30, 2021 @02:12AM (#29734461)
I'd totally buy a star NFT sold by God, which is the correct equivalent.
Re:Why Web3? by chii on Thursday December 30, 2021 @02:30AM (#29734539)
And how would you verify that the address the NFT is sign with belongs to god?
Re:Why Web3? by miracle2k on Thursday December 30, 2021 @02:58AM (#29734680)
I would presume God would find a way to make his intentions clear, maybe through his earthly agents in his church.

If you are concerned that this would need to happen off-chain, and I would need to trust my channel to God NFT launch announcement, then you are of course correct, but note that is is not a slight on NFTs.

NFTs are conceptually no different than the "Google Digital Art Marketplace", except people are less concerned it will be shutdown in two years.

Re:Why Web3? by hooande on Wednesday December 29, 2021 @09:42PM (#29732920)
so NFTs are Candy Crush lollipops, but not attached to a particular game?
Re:Why Web3? by everfree on Wednesday December 29, 2021 @10:19PM (#29733136)
That's probably the weakest of my examples, since lollipop hammers are at least valuable for their utility within a video game.

I would think of art NFTs as more like character or weapon skins - completely useless except that it's visually appealing and you can show off your "ownership" of it to other people within the game. With art NFTs, the "game" so far is just NFT viewing tools, social media profile pics, etc.

Actually, premium Steam profile borders might be an even more apt analogy, since they aren't tied to any game and are also useful solely for vanity.

Of course, then you have NFTs that actually do represent usable in-game items like with Axie Infinity or Gods Unchained, but that's an adjacent topic.