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by chrisco255
1678 days ago
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> Your NFT is a worthless forgotten entry buried in a DB of a URL pointing to a public image (everyone has access to, but no one else had to trade real money for) that will become a broken link when this pyramid scam collapses vaporizing every dollar that remained invested in it. Nope, my NFT is a permanent record of account utilizing the ERC721 open standard for non-fungible tokens on the Ethereum blockchain. The record of my purchase of the NFT will exist long after you or I are no longer around. It is a transferrable asset tradeable 24/7 on the Ethereum blockchain, accessible as an open data standard on numerous marketplaces and applications. It is far more liquid and exchangeable than any physical asset I own. Some of the NFTs I own exist as SVGs stored on Ethereum mainnet. Some exist on Filecoin or Arweave blockchains and have 200 years of prepaid storage to back them up. Some are backed by centralized photo servers and only merely exist as temporary novelties (which is totally ok, by the way). It's not a pyramid scheme. It's deeper than you know and will evolve further than your bias will let you see. You don't have to like sports to understand why an athlete is paid $50 million a year to play with a ball. You would do well to understand it better before you demean it, even if you don't personally want to participate in it. |
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