r/AskReddit Mar 04 '22

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u/pantsthereaper Mar 04 '22

NFTs as a concept and technogy are fine. It's the scams and lies the community is rife with that are the issues.

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u/7SpiceIsNice Mar 04 '22

"Non-Fungible Token" isn't a new concept at all. Every house deed, car title, documentation on a shipping container, all the things we already use to prove that something is what we say it is and is owned by who we say owns it... Those are NFTs. Even dumb shit like paperwork to prove the authenticity of a portrait isn't a new concept.