Quote from: Kong Hey Pakboy on Today at 08:10:40 AM

Quote from: Findingnemo on Today at 06:51:39 AM

Quote from: Kong Hey Pakboy on Today at 06:38:20 AM

You have to ask yourself the same thing about spending so much on online money to you know, I mean what you people are doing right now, being skeptic and ridiculing NFT because they pay a lot of money for an art or anything that is tokenized is the same as the people back then who laughed and ridiculed bitcoin during its 0.1 USD days, why ask as to why they spend so much on NFT? I mean you are not the people that are buying the piece so how does it affect your life if they buy it if you find it stupid, you people that are skeptic are going to be left behind.

Valid statement though!

While bitcoin got the demand due to actual use case but NFTs are more look like a collectible item so people want to buy it just for simply holding without actually using it that is what the difference between bitcoin adoption and NFT.

Exactly, NFTs are collectible which means that depending on who created it and how people perceive its value like paintings which is not that different with bitcoin as it is still considered more as an asset rather than a currency. That is another topic in it as well, the utility of NFT and I think that the one that will grow are those that have utilities like digital arts and anything related to it. Like what Metakovan did with the 70 million USD art that he bought from Beeple, he plans to display it in his Metaverse which is a virtual space and in a way make it a gallery for Beeple's artwork for the people to marvel at.

So the product doesn't have any actual value, its just comes from the creator and in my opinion which is on too much hyped now which can burst out completely. Where as bitcoin was same in the price value no matter who is holding it.

NFT art hype is taking us to old age again with the help of latest technology