Post
Topic
Board Collectibles
Merits 4 from 2 users
Topic OP
[NFT QUESTIONAIRE & GENERAL DISCUSSION/ UNDERSTANDING]
by
tread93
on 16/04/2021, 03:02:50 UTC
⭐ Merited by ChiBitCTy (2) ,The Pharmacist (2)
Hey Guys,

We've all seen these NFTs and I have to admit that hey are very intriguing. As a bitcoiner I know they they have value and for good reasons obviously since they are being sold left and right coming into 2021, I just don't quite understand how they work.

First off, how do you even make an NFT? I know that you need to launch them on either the Ethereum blockchain or another common chain that can be made available and sold through a popular marketplace, but I still just don't quite get why people are forking over millions and millions of dollars for these honestly seemingly worthless tokens when they could have BTC or literally any other shitcoin.

Someone please help me understand why they are so valuable, should we all be investing in these NFTs? Are they really worth it long term? What is the difference between these and those dumb crypto kittens? These are fortnight skins, they're things that we have already been purchasing like avatars though many platforms in the past 10 years, but now they just have a crypto branding lol.

Looking forward to some proper education here from the smartest people on the net, please don't hold back one bit and do us the kind service of educating everyone in this thread. Please and thank you!!!

Cheers,

Tread

PSALM 91