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NFT's (non fungible tokens) - bubble / the future??


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I have been taking a glancing notice at NFT's recently as the stocks have started to take off. 

I still don't know the ins and outs of it and dont really want to just yet, but they have been getting a lot of press from people selling JPG's for thousands of pounds. I can see this potentially becoming a very lucrative investment either buying the blockchain and art dealership stocks, the actual works of 'art' or selling on these platforms as a dealer or middle man. A bottled fart sold for $80k according to @HerefordBullyun the other day, maybe I could record a week of farts and make a song out of it & sell it for the same price digitally. ;)

What I like most is although its highly speculative it is early days as its only really hitting mainstream now, as far as I can see. Are we potentially looking at a tulip fever scenario here?? But in a depression maybe non tangible assets outside of the system is the future, especially if you can purchase somehting & store it on a wallet???

What if Lady Gaga or someone decides to sell 100 signed copies of a track with a personalised message for $1 million dollars a go? or Banksey (sorry I dont know any artists) does a one off painting of Gates holding a needle injecting school children by force & that sells for 100 million? 

What do we think as the block chain & crypto systems are doing well so it has a proven tracks record. 
 

 

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  • Stacktastic changed the title to NFT's (non fungible tokens) - bubble / the future??

Bought with currency, not money.

Currency is like a bottled fart, absolutely worthless.

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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21 minutes ago, Roy said:

Bottled fart, absolutely worthless.

Depends who's fart is bottled & how much you appreciate the intrinsic value of farts. ;) 
I bet the Popes Fart would sell for millions (for example). 


 

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yes. 'Pope on a Rope' bath soap was popular in the '70s :D

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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