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by MR4D 1905 days ago
Same was true for Beanie Babies. eBay grew huge because of them.

Today, eBay is around, but not Beanie Babies, at least not in any significant sense.

I think NFT will be the same. Eventually we might put real estate on it and do something useful, just as eBay has become much more than a place to trade Beanie Babies.

2 comments

Right, but while you can knock on Beanie Babies, how long have other collectibles held up over decades or centuries? Art works from the 15th century are extremely valuable today. If the blockchain is still around in 500 years, is it conceivable that an early gen Crypto Kitty could have a lot of value by then? Of course it is. Video games were looked at as toys for kids, but now have evolved until a multi hundred billion dollar industry, and an early generation video game cartridge or console in good condition is quite valuable (depending on rarity).

Anyways, there will be hits and misses with regards to digital collectibles on the blockchain, but the value of the space as a whole will grow tremendously (multiple hundreds of billions).

> Video games...

But that copy of Pac-Man that I have on my raspberry pi is worth exactly nothing.

And an NFT of it should be worth the same unless it gives me other rights (like copyrights, or something else of value).