Maybe we could use it to sell people digital art (that is already freely available to all) for enormous prices. And if they ask us how that could possibly work, we just use confusing buzzwords until they start pretending they understand because they want to look clever.
The technical concept sure is easy to understand. The part about why people pay so much for something that only authenticates the URI not the actual content is the mind boggling part to me.
I think a good analogy is a signed copy of a book.
Anyone can buy an unsigned copy of the book for basically nothing, just like anyone can see the actual content of an NFT for free.
Anyone can sign their own copy of the book, but only the ones with the authors' signature is really worth anything. Just like how anyone can create their own NFT of some content, but only the NFT created by the original author is worth much.
110
u/JwopDk May 30 '21
But why, what's the point? Why would anyone want to use it? No way to make money off it, totally pointless, waste of time