except replace the mona Lisa with the janitors stick figure sketch?
Serious question, but is anyone actually making real use of it, or are people just spewing out thousands of “unique” overinflated garbage so people can feel like they “own” something unique?
I’m not aware of any real use yet. I’m pretty sure in the future they will be a very useful way to manage ownership of assets - I can imagine there will be this fun fact attached with them like “Did You Know?: When NFTs were first created they weren’t used for houses, for a few years they were used for Ponzi schemes, mainly exchanging .jpegs on long-forgotten networks”
An NFT is just an emulated physical product and receipt built into it, imo. So ultimately the proof of concept JPEGs that has been going about will probably remain expensive to millionairs but yer average joe wouldn’t pay anything for it (like current billionaire owned art is worthless for a lot of plebs). Why own the mona Lisa when you can just look at it on yer screen for free?
However, when you get on to storing legitimatly bought software (games, items, cards, weapons, whetever) that you are able to resell them on great public marketplaces it becomes a different ball game. When companies start leveraging this and they compete to take lower cuts for infrastructure it’ll be real good for connecting people, companies, artists, whoever to their customers.
Items owned on chain then become useable cross game with support. Artists take cuts of millions of NFT bought and sold forever. People are able to inherit digital assets over time. Can someone inherit my steam account right now? The future for companies is building the infrastructure to allow the regulatory protections when using the ecosystem - like putting your hard earned dollars in a bank.
If there’s a fluctuating cost attached to NFTs then is proof of ownership going to be a viable use case? I do need to read up more on it, so if that’s an obvious answer then im sure ill read it shortly.
Not that paper is any better as proof of ownership, but I do still worry about digital proof disappearing one day 
though really its not necessarily better or worse with the right resilience.
I think i might be a bit disillusioned by it all. I’ve had the pleasure 
of trying to take down a crypto coin type scam recently and the whole thing just opens the eyes to just how bad it all is in terms of abuse, fraud, and crime.
Not to say there wont be light at the end of the tunnel… well see
It’s very disruptive.
It will certainly be interesting to see what survives long term and what ends up in wide spread use long term
Mind if I ask which software that was?
That’s a good point. You could in theory make a game that only the current owner of the NFT could play. I’m calling it that this will happen for some form of artwork in the future if it hasn’t already.
Look at the example of the Wu Tang making only 1 copy of their album and selling it for ~$2m. This is a more secure version of that.
Not saying this has particularly much benefit to society, but why do people collect anything. In some part it’s to give them a nice feeling that they own something and it’s also a flex to say “look what I have”.
Thanks, looking at the node price ($34,834 right now) and GALA price explosion, it seems a little late to the party, but it must have been great to get in a week or more ago.
Would personally be a little nervous to buy in at this time but I haven’t done a lot of research outside of watching that YT video, browsing the website, and reading a couple of articles.
Happy to be convinced otherwise though!
And that’s frankly awesome that the license is distributed as an NFT.
This made me laugh out loud “market fundamentals shift away from animals wearing hats”.
Who thought this zoological headdress bull run would end?!?
Sounds like a segment on Brass Eye
For me it’s a fad.
Reminds me of how people were paying tens of thousands in virtual real estate on a game. Forgive me that I can’t remember the games name but it was some online pc game.
Each to thier own but the phrase “not with a ten foot bargepole” comes to mind
The said the same about internet.
We are not talking about a single computer game. This is a completely new asset class and global phenomenon.
NFTs are here to stays, you see it in music and art now but the technology can be applied to almost anything.
NFT is equivalent to the internet ? 
Blockchain the technology behind NFTs yes!
The big difference is that the internet was something everyone could need/want to improve their lives. NFT’s are neither needed ort wanted outside people into that kind of thing. Not saying it will fail but simply not in the same league as the internet as a thing of the future.
All NFT’s offer is another way to gamble to increase wealth with a potential loss and most people will just not see the need to roll the dice on it.
…so far.
I think what we’re seeing is like a tiny seed of something that will become absolutely massive and part of everyones day to day lives. I don’t know how, yet - I don’t think anyone really does - but this isn’t just some fad like 3d TVs, late 1990s virtual reality or second life (true story, a friend had a librarian friend who would finish work and go onto second life to be a virtual librarian…).