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Non-fungible token (NFT) wave is here. Digital art sold for $69.3 million
Posted on 3/11/21 at 9:49 am
Posted on 3/11/21 at 9:49 am
This is the new cryptocurrency. I might buy some sports NFT for sports. The prices are insane.
New link
LINK
New link
LINK
quote:
Christie's auction house sold its first purely digital artwork Thursday for a record $69 million, the highest price paid for an NFT, or nonfungible token.
This post was edited on 3/11/21 at 10:19 am
21
Posted on 3/11/21 at 9:49 am to CunningLinguist
We will now see in this thread who the boomers are
Posted on 3/11/21 at 9:49 am to CunningLinguist
This will be the world's Tulip Craze.
Posted on 3/11/21 at 9:50 am to CunningLinguist
quote:
I might buy some sports NFT for sports.
What are you buying them for?
And your like 2 months late
Posted on 3/11/21 at 9:50 am to CunningLinguist
quote:
fungible
As many times as I've tried I never can use that correctly in a sentence. Well done (assuming you have used it correctly here).
Posted on 3/11/21 at 9:51 am to jimbeam
I don't understand any of that 40 page thread on the MSB. I feel like it's a bunch of young guys LARPing over their fake investment.
Posted on 3/11/21 at 9:52 am to Bunk Moreland
I am late Gen-X and don't understand this at all.
Posted on 3/11/21 at 9:52 am to CunningLinguist
What happens to his 'investment' if the internet goes down?
Posted on 3/11/21 at 9:52 am to Bunk Moreland
quote:
I feel like it's a bunch of young guys LARPing over their fake investment.
it's because it is.
Posted on 3/11/21 at 9:52 am to CunningLinguist
That's some serious money laundering
Probably don't even have to pay taxes.
Probably don't even have to pay taxes.
This post was edited on 3/11/21 at 9:53 am
Posted on 3/11/21 at 9:52 am to CunningLinguist
I'm becoming convinced this new digital crap has to be some form of money laundering. Tweets, digital art? Come on. How on Earth is that a commodity.
Posted on 3/11/21 at 9:54 am to Sao
Posted on 3/11/21 at 9:56 am to CunningLinguist
Hell no.
I would only deal in fungible tokens.
I would only deal in fungible tokens.
Posted on 3/11/21 at 9:59 am to chinhoyang
quote:
This will be the world's Tulip Craze.
Evoking Tulip mania regarding Crypto will be the new Godwin's law.
Posted on 3/11/21 at 10:02 am to CunningLinguist
It's amazing how central to our culture elaborate forms of masturbation have become.
Posted on 3/11/21 at 10:05 am to bamaphan13
quote:
I am late Gen-X and don't understand this at all.
Me too, and while I think I "get" it... it's not something I have much interest in.
Posted on 3/11/21 at 10:05 am to Sao
quote:
I'm becoming convinced this new digital crap has to be some form of money laundering. Tweets, digital art?
Maybe, but it could also just be the natural evolution of collecting as a hobby. People collect all kinds of things art, sports cards, coins, etc. Why wouldn't collecting move into the digital realm? Everyone does everything on their phone. It seems natural to me for it to move that direction.
Posted on 3/11/21 at 10:07 am to JasonMason
quote:
Maybe, but it could also just be the natural evolution of collecting as a hobby. People collect all kinds of things art, sports cards, coins, etc. Why wouldn't collecting move into the digital realm? Everyone does everything on their phone. It seems natural to me for it to move that direction.
I'm ok with the boomers sitting this one out. They just ruin the market anyway
Posted on 3/11/21 at 10:08 am to CunningLinguist
This is a new ploy to get young idiots to buy into this bullshite so the big dogs can use this for it's intended purpose - money laundering.
Posted on 3/11/21 at 10:09 am to dagrippa
quote:
Evoking Tulip mania regarding Crypto will be the new Godwin's law.
I don't think so. In my practice, I deal with intangible properties all the time. Someone buys an artwork and then licenses the digital image for use. NFT's, however, seem very speculative at the higher end.
At the lower end, not so much.
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