It's the new digital receipt people don't realize they need badly. Imagine every digital asset you buy (music, movies and shows, VIDEO GAMES AND ALL THEIR MICROTRANSACTIONS) and apply a receipt to it that can allow the ownership of your asset to not only be authenticated, but authorized for trade and resale. Now be the company who owns the marketplace that gets a 5% stake on EVERY transaction on your storefront, and you'll start to see the big money potential here.
Now take all that thinking, and apply it to the stock market. A fully decentralized stock exchange where your stocks are NFTs, your trades are completed instantly, and the only middle man is the measly transaction fee from the GME NFT marketplace. No more brokers. No more banks. Just people trading from one currency to the next, just as stocks go from liquid to illiquid. You own the shares, companies are actually valued as they should be and not how Wall Street deems it.
NFTs are the future, people have literally been duped into thinking receipts are pointless. Try returning or selling items without it.
Thing is though the stock market is a huge scam. The only people that should "own" a company are those that created it, purchased it, or inherited it. I shouldn't "own" Gamestop - I was never an original investor. I've never worked for them, nor have I ever been a vendor for them. The stock market is a great way for the hedge funds/brokers/banks to make a shit-ton of money without actually having to steal it.
Loopring (a Gamestop unconfirmed partner) has this patent for digital asset transactions:
G06Q40/04 - Exchange, e.g. stocks, commodities, derivatives or currency exchange
Subject matter including the trading or exchange of securities or commodities within an organised system.
Data processing systems or processes specially adapted for trading in the context of stock, FX exchanges, e.g. trading of stocks and currency exchange.
The following subjects are therefore covered, the list being non-exhaustive:
Stock exchange applications, e.g. Trading stock, options, ordering of stock, general stock trading administration
Foreign exchange, e.g. currency trading and currency exchange
NFTs are much more than digital art. I don't care much for the art portion of it, but it's use cases goes far deeper than that, but it is still so early to be utilized main stream yet.
It's an uncorruptable digital proof of ownership. Can be a pink slip for car that you own and not the DMV. Can be a deed to your home that you own and not the banks. Can be your medical records that you own and not your doctor.
NFTs are one of the most ridiculous concepts I’ve seen for crypto currency’s. And I’ve seen a lot of shit coins.
But props to GameStop for branching out
NFTs have way more utility than just stupid JPEGs like They want everyone to believe.
It's the new digital receipt people don't realize they need badly. Imagine every digital asset you buy (music, movies and shows, VIDEO GAMES AND ALL THEIR MICROTRANSACTIONS) and apply a receipt to it that can allow the ownership of your asset to not only be authenticated, but authorized for trade and resale. Now be the company who owns the marketplace that gets a 5% stake on EVERY transaction on your storefront, and you'll start to see the big money potential here.
Now take all that thinking, and apply it to the stock market. A fully decentralized stock exchange where your stocks are NFTs, your trades are completed instantly, and the only middle man is the measly transaction fee from the GME NFT marketplace. No more brokers. No more banks. Just people trading from one currency to the next, just as stocks go from liquid to illiquid. You own the shares, companies are actually valued as they should be and not how Wall Street deems it.
NFTs are the future, people have literally been duped into thinking receipts are pointless. Try returning or selling items without it.
Thing is though the stock market is a huge scam. The only people that should "own" a company are those that created it, purchased it, or inherited it. I shouldn't "own" Gamestop - I was never an original investor. I've never worked for them, nor have I ever been a vendor for them. The stock market is a great way for the hedge funds/brokers/banks to make a shit-ton of money without actually having to steal it.
Loopring (a Gamestop unconfirmed partner) has this patent for digital asset transactions:
NFTs are much more than digital art. I don't care much for the art portion of it, but it's use cases goes far deeper than that, but it is still so early to be utilized main stream yet.
It's an uncorruptable digital proof of ownership. Can be a pink slip for car that you own and not the DMV. Can be a deed to your home that you own and not the banks. Can be your medical records that you own and not your doctor.
No more ridiculous than pieces of colored cotton notes of debt with different values printed on for face value.
A $1 bill is different form a $100 bill? How? The ink it takes to print 2 more zeros? 🤣