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by nikk1 1722 days ago
For those of you trashing NFTs, have you ever bought one? If not, I suggest picking something up on a drop from Nifty Gateway. Of course, research the artist first. I also check out the artist's Twitter page and Discord server to make sure they have a solid community established already.
2 comments
KaiserPro 1722 days ago
but why would I want one? it doesn't denote ownership, I don't get the original thing, at best its a "print" at worse its a scam.
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nikk1 1722 days ago
Why would you want a stock in Amazon? Why would you want a Bitcoin? Why would you want to own a Picasso painting? I don't understand how an NFT is different from any of these things.

You use your private key to verify ownership. In the digital world, this is the closet you can get to having the "original thing". You can disagree with this, but it doesnt matter because obviously the NFT market believes in this.

Some NFTs just sit there, the same way an original piece of art will just hang on a wall. However, some NFTs can have 'utility'. For example, owning one can qualify you to buy a piece that is exclusive to collectors of a particular artist. The artist can also verify holders and send out physical products. Some artists are using profits to re-invest in larger scale NFT projects as well, like virtual worlds and games.

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goatsi 1722 days ago
That only matters if you are buying the NFT for the purpose of speculation. Otherwise just find some art you like.

Twitter followers are between $5-30 per thousand, and Discord server members look to be around $70-80 per thousand. People pulling crypto scams will frequently fake popularity, back in the ICO days it was standard to have a telegram channel filled with 20-30 thousand bots.

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