Near the peak of the NFT craze I was gifted (as part of an initial mint) an NFT, which I turned around and immediately sold for $3k. Last I looked it was worth about $200. That's the extent of my experience with NFTs.
this post was submitted on 02 Jun 2025
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Still surprised it's worth $200. I thought it'd be worth a few cents or maybe a few dollars at most
It's worth what someone will actually pay for it. I suspect that $200 is the price at which it is listed...
I see what's going on here! You're confusing market value labor value and use value. Typical noob mistake. Clearly ypu dont understand the real value of an nft!
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When they were first blowing up, I thought sure, I'll turn a couple old unreleased tracks of mine into NFTs. I signed up to some site I forget the name of, uploaded the tracks, and then then found out I had to pay something like $500 a track to turn them into NFTs. It was a pretty duh moment for me. Of course the content doesn't mean shit, it's just the money. I never paid them a dime and deleted my stuff.
When I first heard of NFTs I thought the media was encoded within the blockchain - in that case sure, I wouldn't necessarily buy one but I understand how that'd be interesting.
Ten minutes later when I was told they are just proof of purchase that points to a URL hosting your monkey image somewhere, I knew they were a total scam
Okay but how are nft's different from the deed to a house? Checkmate, filthy commie.
Now that i have defeated you in single combat, you must tell me the seed phrase for your largest bitcoin wallet.
hunter2
wtf why isn't it starred out for privacy
guys help
Pretty much all crypto bro stuff, honestly
Amazing.
i smoked a joint with an one of those ape drawings on the jar last night, that was a Nice Fuckin Toke
NFTs are great, the stupid fucking pictures that everyone calls NFTs are not
Honestly provides basically no benefits that existing token systems don't already handle. Games have been tracking completely unique items as commodities in a large market for a long time - the only benefit new to NFT was decentralization, which basically nobody peddling them understands anyway.
The only thing it opens up is that as a game developer I can make a contract that turns NFT items from another game into NFT items of my game. Like HyperDragons that you level up by feeding them CryptoKitties, without consent or approval from CryptoKitties devs.
But why on earth, as a game developer, would you ever do that... Well, other than as a PR stunt.
I'm not saying it doesn't have real use cases. But I'm not aware of any useful application of that concept.
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