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Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by BasedInfra on Monday January 15, 2024 @02:22PM (#39004936)
What utility do your NFTs have?
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @02:26PM (#39004982)
I have land on Sandbox game. Which didn't cost a lot when I bought it initially (like $80) and is still worth much more than initially paid while the game is slowly still majoring. Could have sold them for 15k each in the NFT hype but I rather build my imperium in their universe one day :)
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by blairbeckwith on Monday January 15, 2024 @02:27PM (#39004999)
Phew, that was close. I thought I had missed a story about NFTs having actual utility.
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by I_Am_Nous on Monday January 15, 2024 @02:38PM (#39005134)
Seems like the only "utility" is hope - hope that an $80 bet turns into more.
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:11PM (#39005469)
Current market value is at ~$600 and it's a playable game with actual users getting regular updates. It's more or less the maximal value of all NFTs I can remember right now.
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:24PM (#39005601)
It's about as much utility as one of those Wii figures for $40. Why don't we simply appreciate that some NFTs aren't total bullshit but fun tech toys?
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by jrflowers on Monday January 15, 2024 @02:37PM (#39005122)
This is an excellent point. Few people can appreciate the utility of losing tens of thousands US dollars by hodling
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:20PM (#39005565)
I know nothing about actual investing. I am just happy when I buy thing at value A and sell same thing and much higher value B.

The rollercoaster in between is to much stress and usually not worth the ride

Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by jrflowers on Monday January 15, 2024 @04:15PM (#39006198)
This is a good point. “Utility” means “something that makes me happy” and “sell at higher value” means “not selling a thing”
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by foobiekr on Monday January 15, 2024 @03:45PM (#39005857)
The videos I posted at top level are, unintentionally, for you.