zlacker

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+(OP)
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.