this post was submitted on 18 Aug 2023
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There are uses for NFT, but it is clearly not what they are famous for.
NFT aren't pictures of monke, they are a way to authenticate something in a decentralised way, so no trust in another entity needed. The picture isn't the NFT, and that is why you can just right click-copy it.
You can't however just copy the NFT, the actual token. Having a token that's verifiably owned by someone is useful for certain things. It's like a certificate of authenticity, but digital.
NFTs have never once not been very blatant fraud.
NFT aren't monkey pictures.
I know what they are. They're a "solution" to a problem that doesn't exist and very probably never will exist.
They have never once been used for anything even neutral. Every single case has been outright malicious.
It's called a database.
An inefficient one