Post
Topic
Board Bitcoin Discussion
Re: Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money
by
hatshepsut93
on 18/02/2023, 22:50:41 UTC
However, the emergence of NFTs on the Bitcoin blockchain is expanding its use cases beyond money, creating new opportunities for artists, musicians, and other content creators to monetize their work. With Bitcoin NFTs, creators can easily issue and sell unique digital assets and receive payments in Bitcoin.

We heard this song in 2021-2022, turns out the main use case of NFT was selling them to bigger fools, and after that market crashed, everyone lost interest in them. Like it's always happening with blockchain and crypto, it's all hype, no result.

I view the rise of Bitcoin NFT as a spam attack that will test how resilient Bitcoin is. Worst case scenario is it will make the fees more expensive for real users who transfer money and not participate in a new type of ponzi scheme.