I am going to guess I have more disposable income that you have and that isn’t the reason I think it is bad.
Yeah, sure.
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It’s more like a receipt for a specific pet rock. As in you’re buying the receipt, not the pet rock itself.
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How is it jealousy when you can lilterally grab the NFT with right-click → Save.
That’s easy when you don’t buy 150x100 pixel art images you can get for free with this very simple trick! (right-click → save).
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Scaaaaaaaaaaaaaams!!! Do NOT give into NFTs, they are artificially influenced to make the rich, richer.
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people are so dumb with their money…it’s unbelievable lol
Dude, I’m not rich. You can help out a poor artist, buy my Abstract Pixel Art NFT for 10,000$ :
I call it “Grift Party”.
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Basically a non-refundable token. A virtual currency of sorts. It can be manipulated and abused to take money from anyone.
Here’s an example:
Person 1 purchases a NFT of some digital art for $150
Friend joins in and is given money from person 1 and “buys” the digital art for $200
They keep bouncing the price to make it go higher and higher buying it for more every time
Random person sees digital art being bought often and buys it cause “profitable” for lets say, $500. Person 1 gets $500 and sells the digital art NFT(aka a link, thats all), and that random person is stuck with a worthless digital object because the price increase was being bounced between person 1 and friend. Now all random person has is a link to art no one wants and $500 down the drain.
That’s literally all it is…a ponzi scheme of sorts, except its not illegal yet because its new. owning a nft just gives you the right to say “I own a link to a piece of [digital something]”. But you have no rights over it and anyone can download it freely. You cannot make profit except by trading it.
Read above.
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Let’s be honest, those TCG mounts are some of the original NFTs. Instead of blockchain logging proof of ownership it’s your literal WoW account. 
So how many nfts have you bought? Pretty much the only people to defend them are those that already fell for them and are too embarrassed to admit they got scammed.
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What is an nft?
Yeah, that’s the whole point : NFT is just a buzzword. When there’s a central authority like Blizzard, selling you a exclusive pixel reward is just a INSERT INTO statement away. No need to run 50 3090s at full hash rate to do it.
Basically you give someone money, in the form of Cryptocurrency usually, and they force a write on the blockchain that you own a certain piece of digital art. That art is usually tied to a URL that’s publicly available. So while anyone can grab that art, no one but you (and however many other copies are sold) can officially “own” it. Not the rights to it. Just that particular public copy anyone can grab. But it’s yours. And 50 other people’s. That over 10,000 twitter trolls downloaded to spite the NFT community. The Copy. Not rights.
It’s a scam. That’s all you need to know.
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Oh. Thank you. So it is a basic con then.
I get that it sounds stupid, but it looks like something mostly rich people spend their money on. Either way, we live in a society that buys gamer girl bath water.
Yes, and only the early investors get profit because of the way it plays out and their knowledge of marker manipulation. You can’t put a price on a link to a streamer’s reaction, art, or anything. It feeds on the unknowing people like a vampire feeding on humans kind of way.
And yes streamers are also trying to scam you with reaction video clips as nfts to cash in more. It’s sad.
So did that movie Ready Player One predict the future with Facebooks Metaverse thing coming. I look forward to all the ads that will be ingame like L.O.L was doing to Oasis.
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At least the gamer girl bath water is tangible and requires an actual gamer girl to reproduce in mass quantities, meaning some manufacturing process and effort was put in. You can actually quantify a price to it.
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Or did Metaverse just copy off Ready Player One which copied off MMORPGs to begin with.
Non fungible token. Think of doge as the Mona lisa… you can copy it… but if you have the doge nft you “own” the original.
Is still a scam though