Ok, here's the thing. They spent resources and allocated infrastructure to roll this out. And i actually think they're cool. When DT first announced DWAC, I jumped in becauae I trusted I'd make some money. And I did.
Here again we have a non-traditional investment opportunity being pushed by DT. And just like with DWAC, normies are already laughing this off. They would never buy. So these cards are for us to buy. But theres a YUGE catch.
So reading further, the cards come with a 10% penalty if they are ever sold. Anyone who sells one of these cards on a secondary market owes 10% to the card's creator. And thats every time an individually tokened card is sold, second-hand.
What in the actual fuck?
Ill say my goodbyes now while Im banned for dooming.
Can someone give me details of how NFTs work, in layman terms, please?
While possessing legitimate uses, they are typically used for scams and grifts.
Shall I go on with a tech explanation, or does that suffice?
if you make a counterparty address ill send you a rare pepe, me giving you a free piece of art I made, is that a scam?
by "make a counterparty address" I literally mean send me a public bitcoin address and I will send you an NFT - just to show you a different side, a community driven side that was here literally 4 years before the word "NFT" existed
where we minted art and original memes to send to eachother for fun you are welcome to join even if its just owning a piece of history from me personally
https://counterparty.io/ https://pepe.wtf/ https://rarepepewallet.com/ https://whiterabbit1111.medium.com/
wow alot of people here really dont know how they work.
here is how it works:
Situation:
Cryptocurrency turns all of this ^ into public information (except your password to access it). And solves (almost) every issue a modern physical collector runs into when collecting anything physical and antique.
The way in which you answer or 'solve' these collector questions is the beauty of how digital antiquities formed:
https://whiterabbit1111.medium.com/the-origin-digital-antiquities-market-nfts-1ea9b69c03f9
Now since you are adequately versed on the initial purpose of NFT's or tokens built on top of public cryptographic transactions, let me ask you this.
If an NFT has art associated with it and it is highly valued. Is the value in the token, or the art?
drops mic
So, the premise of an NFT is better way of certifying a piece of one of a kind art. But do you actually get a physical item of this NFT art, like a baseball or Pokémon card, or is it all digital?
all digital - there is beauty to that - is it the token or the art?