Post
Topic
Board Altcoin Discussion
Re: Non Fungible Token (NFT) questions
by
btcsmlcmnr
on 19/03/2021, 05:56:02 UTC
So I am reading and researching a lot of stuff regarding the benefits and real use cases of NFT's, however there are still lots of unanswered questions regarding its concept. Based on what I have understand, though, NFT's are just a digital version of the traditional document "Certificate of Authenticity" or COA that has the verified signature and important elements provided by the artist in it right?
The hype that is on going with NFT brings the past stories back. Cryptokitties created a hype of games on Ethereum blockchain and I remember the Deep Onion altcoin tries to give ownership proof, certificate for crypto users.

NFT get a big support from Elon Musk and in this time this support makes sense for NFT. People are blurred by the big sales with NFT but do they realize that they can be able to sell the same in real auctions?

NFT is interesting but I would like to see it grows and is used for smaller items that are more meaningful in life. Big deals are only tools to advertise NFT and make it more popular.