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by spinny
1690 days ago
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> That sums up everything to do with NFTs for me. The smell remains rotten and I will, again, run away and fast. NFTs are just a way to represent something unique on a blockchain. The smell comes from the pixel art NFTs. Your position on a uniswap v3 pair is represented as an NFT (no pixels associated), while v2 used ERC20 tokens (fungible) Suppose you own a car rental. You can represent the available cars as NFTs and use a blockchain to make reservations and payments |
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NFTs offer the ability to separate ownership and management of a thing from the business that created that thing. That makes no sense for a company that has inventory they personally control and doesn't want people to resell for liability reasons.