I hope you didn't dive into an original Beeple
https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million

 

Yes. But it's reality. Current marketcap of the most important cryptocurrencies is about 2T (gold has a marketcap of 11T). It's crazy.

 

Interesting link! Thank you!

No, I would rather spend my hard earned cash for a new watch.
But since it's a big hype and only started, there might be some NFT bargains out there.

 

Amazing that something like this can be allowed to exist, what's the betting that at some point one of these will crash and cause a lot of financial damage which 'normal' people will end up paying for. Still as long as there's a readily accessible way for people to pay for drugs and weapons...

 

No, these are prejudice. Much more crime is done with fiat money (Dollars). Transactions on the blockchain are much more transparent than old money.
Gold was forbidden in the USA in the last century and now the same is looming for cryptocurrencies. Crash of the Dollar could come as well.

 

Absolute toilet.

 

I am late to this party but i am all for Tag Heuer NFT all the way !

PS: i am not that young either

 

Finally someone explaining NFT's in a way I can understand

 

I still don’t understand…

 

The video taught me I dont need to understand it

 

If ever there was a tech 'bubble' this is surely it.

 

Crazy

 

Ah, here is part of the justification:




In addition they have the publicity!

 

I guess Remo was on to something after all

For the first time ever, insanely expensive digital cartoons can be shown on a smart watch

 

Yay.

 

So here's a thing about NFTs, a friend of mine is into trainers and he is on this site called Stock X. Now apparently, Stock X made NFTs of Nike trainers and then sold them. I can't believe they sold them, but my friend showed me that they sold them and they've been resold and are increasing in value. So Nike weren't very happy about this since obviously they own the rights to the image of their own trainers, right?
Well, Stock X's answer to this was, no because this NFT is specific to this pair of trainers we have in this box here. Which is like saying I have an NFT for each of the 10,000 Kimi Raikkonnen F1s they made.... so even more completely pointless than originally thought (and ultimately worthless I should think).

 

Right now everything Crypto is in bearmarket. It's a bloodbath. Investors are taking out money of risky assets.
But I think there is a good chance that this will change again.
There are many projects that are connecting NFTs with reallife utility. Here is one example: https://medium.com/@koalop/briefing-with-welly-5cfd46878802