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Topic
Board Beginners & Help
Re: What is NFT? & How to get free NFTs on coinmarketcap
by
masulum
on 06/04/2022, 16:13:57 UTC
Okay, I am curious now. Why do you think NFT = shit load of pain when both 'usual tokens' and 'NFT' are same except for the fact that NFTs have an additional metadata field? Yes, there are hundreds of scams and low-quality cash-grabs and several influencers are taking advantage of the trend and making millions. But lashing the whole concept doesn't make sense to me. If you ask me, I consider NFT superior to the fungible tokens. With metadata, we can create much better Web 3.0 applications by saving the users' unique data directly on the blockchain. The blockchain-lead future we all are imagining right now won't be possible without NFTs.

-snip-

for some reason, what Logfiles said is true, we can see what is happening to current NFT market, most of the expensive NFTs are NFTs that do not have utility, for example, Ghozali Everyday NFT, what can be obtained from an NFT similar to this NFT? There is noting, just an hype. Maybe what is meant is NFT like this, not as a whole. As for NFT which has value and utility, of course this is good to have, although maybe from the Logfiles perspective, it is not of interest to him at all.

However, I also agree with you, this NFT is the beginning that will be one of the great potentials in blockchain, maybe one day we can record data on the blockchain to minimize fraud in any form.