Post
Topic
Board Development & Technical Discussion
Re: Can't NFTs work on Bitcoin?
by
larry_vw_1955
on 12/02/2022, 03:16:32 UTC

True but there is a difference between having a price and being valuable in my opinion.
You can sell anything to people, even complete garbage and they buy it but that never means that what you are selling them has value. Value comes from utility, if you sell people dog shit for a million dollar a bag, that still doesn't give dog shit any utility. But at the end of the day, bitcoin still has a lot of utility to provide.

some nfts don't really any value adding proposition i think we all can agree on that but that doesn't mean they're all like that. some people buy nfts to gain some added benefit such as a membership to some exclusive "club" for example:

When you buy a Bored Ape, you’re not simply buying an avatar or a provably-rare piece of art. You are gaining membership access to a club whose benefits and offerings will increase over time. Your Bored Ape can serve as your digital identity, and open digital doors for you.


whether those benefits are valuable and worth the price paid, i dont know.