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So what the hell are NFTs?

I’m reading about them all the time and apparently they are (usually shitty) digital art that people can support by buying them, but you don’t actually get ownership of them?

One Zee said in trying to explain them like they’re virtual beanie babies, but of course that’s bullshit, because you have physical custody and ownership of the beanie baby and can sell it, cashing out your interest. Then the buyer has sole custody of the image.

So what am I missing? Meanwhile who gets the money paid by the suckers for the NFT?

Offsite Link
by Anonymousreply 4November 24, 2021 4:54 PM

Sorry I meant “sole custody of the beanie baby” ^^^

by Anonymousreply 1November 24, 2021 4:21 PM

All junk. Bitcoin only.

by Anonymousreply 2November 24, 2021 4:23 PM

What does that mean, r2?

by Anonymousreply 3November 24, 2021 4:43 PM

Money laundering.

Offsite Link
by Anonymousreply 4November 24, 2021 4:54 PM
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