An NFT of Jack Dorsey's first tweet bought for $2.9M is now valued at less than $4

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NFTs were, no joke, the dumbest bubble in history.

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And still worth more than Game Coin.

Upon research, I still don’t understand what exactly is the purpose of an NFT.

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$4

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Bidding starts at $3.50

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They were literally digital receipts that said you alone owned something that everyone did.

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Well, in the Twitter example you provided, that's what it was, which is proundly stupid since the Tweet is still publicly available. NFTs are supposed to be the only digital print of a work, however--like if van Gogh only ever made one digital print of The Starry Night. As with any art, value is prescribed by the buyer/market. The NFT market could've launched skyward, but obviously it crashed after the initial hype wore off. Probably not completely dead, though, as I think there will always be a market for a "one-off" work made by people considered significant enough.

Jones will be here soon to tell you your IQ must too low to understand the value of these one of a kind tokens.

I thought it was a way to launder drug money