Victims of NFT craze

[Mummelmann]

SvennoJ said:

Mummelmann said:

Victims don't have 600.000$ to spend on a JPEG. NFT's have actual use-cases if done correctly, and I think the concept will be huge in the future. But this current focus on stupid memes and simple pictures is just lunacy, there's a breadth of possibilities for the technology and concept itself.

Any idea what NFTs can be good for? I genuinely can't think of anything that can't be done without being tied to blockChain and crypto nonsense. NFTs are nothing but a transaction record as far as I know, with the possibility to add some instructions for when the ownership of the transaction record changes. Which are most likely in breach of first-sale doctrine...

Anything from property, to ticket systems, to in-game items (dynamic NFTs) in video games, and unique ownership stakes and shares in IPs or works, proof or receipt systems for physical artwork, scanning and tagging tools and systems for authentification of historical artifacts, gems, basically anything. Monkey pictures are bullshit, but the idea in itself is good in many ways. Remember how much dumb shit the internet was used for in the beginning and how useless it all was?