zlacker

>>nemoni+(OP)
It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so many people just blindly buying into it, including the damn BBC!

>>WilTim+o2
I dunno, I am not really questioning why some limited-run sneakers are being bought for thousands of dollars. Or why people spend 50k on their bathroom. Or why old Nintendo cartridges go for enormous prices. Or diamonds.

I don't see the difference here.

Now, I also don't get why NFTs have taken off AT ALL. But I don't see how they're really different than anything I listed above, except maybe more unstable or even more useless than a 2000$ pair of sneakers, which you could still wear if you ever ran out of shoes.

>>wink+ty
Probably a lot of the value in rare real things is that people want to have them. It evokes joy.

A lot of NFTs don't do this for their owners. Its just the belief that there's a high probability of being able to resell for more.

The question is what % of the market participants see genuine value in the asset itself.