NFTs Don’t be late at the party!
Let me begin with the definition of NFT:
A non–fungible token (NFT) is a special type of cryptographic token which represents something unique; non–fungible tokens are thus not mutually interchangeable. This is in contrast to cryptocurrencies like bitcoin, and many network or utility tokens that are fungible in nature.
NFTs are going to be a big thing in the future. Think about it! The digital world is a world of abundance. There is enough for everyone. You can consume all data non-stop practically for free. Young people don’t realize that when we (generation X) were young we had to go to a store to rent a video if we wanted to see a movie. We had to wait a whole week until we could see the next episode of our favorite TV series.
Yes, those times were hard but still we all got to the next day, eventually. And of course we did not know any better. Now we have access to all the beautiful art in the world. Digital art is the most consumed art at this moment. Now with NFTs, we can get ownership of digital goods. And that is HUGE! And that’s not only for Art. Also for gaming, it’s going to be a game-changer for sure. I have been buying digital goods for a long time. When I used to play FIFA, I was buying packs like crazy. And that’s all fun, but when you are done with the game you don’t have anything left. Now with NFTs, you can own your digital assets. And you are free to sell them.
I remember, when I told my colleague that I paid 250 euros for a virtual crossbow, she couldn’t stop laughing. When you’re dedicated to something, you are willing to pay for digital stuff. And now with NFTs it’s not just spending money, but it’s also investing. And you know this shit is real when you buy an NFT and sell it for 5 times as much.
That’s also where greed comes in. The whole street and their aunts and uncles are making digital art all of a sudden. I see great artworks from marvelous artists not selling, while the prices are really low and when a guy like Ivan on Tech does a joke NFT it becomes an instant hit. Big Boy Pants, the funny thing is I made one “Big Boy Pants” before that. I’ve sold one. So yes, most people buy NFTs having in mind to flip it over for more. So there needs to be a little FOMO to sell. Also, you can make great stuff but when nobody knows about it it’s also hard to sell. Now we’re gonna see all celebrities making NFTs.
Why would you buy a mediocre piece just because it’s from some famous person who already owns way too much? And owning is a complete farce anyway. Nobody owns anything. When we leave this place we go alone, with nothing but our experiences. We can hope for more, but – in fact – we are definitely not going to bring our stuff with us.
Don’t forget the whole blockchain movement is global. And people in other parts of the world can live a good life with money made from selling NFTs. For you, it might be a cup of coffee while for them it’s a day’s living costs. And how great is that! It really helps people all across the world.