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The problem with that article is it confuses NFTs with NFTs being used as collectibles. It’s like criticising the JPG file format because a lot of people use i
by babelchips 5y ago
The problem with that article is it confuses NFTs with NFTs being used as collectibles.
It’s like criticising the JPG file format because a lot of people use it to just store pictures of cats.
The practical use-cases for NFTs, tokenisation of real world items, identities, proofs, certificates etc., goes far beyond the collectibles market.
NFTs are going to play a massive role in our lives in the future. Criticising them because of one trivial (albeit lucrative) aspect is missing the forest for the trees.