Many NFTs now worthless?

[RichA]

People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.

https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/

[Alan Browne]

On 2023-09-23 19:08, RichA wrote:
> People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
>
> https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/

Given that an NFT'd piece of work (of value or not) was never, itself,
"liened" to the NFT, this is no surprise.
The remaining 5% just have to be exposed to the reality of attempted
liquidation.[1]

NFT's are sort of like saying:

Here is a link to a webpage. The webpage is worth $10B.
Now, let me sell you the link as an NFT for a mere $1M? SUCH A DEAL!

[1] Price discovery is a bitch.

--
“Markets can remain irrational longer than your can remain solvent.”
- John Maynard Keynes.

[sobriquet]

On Sunday, September 24, 2023 at 1:09:00 AM UTC+2, RichA wrote:
> People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
>
> https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/

Nonsense.. everything can be downloaded for free.
Whatever people share online is just a bunch of big numbers (books, movies, images,
apps, music, etc..) and all numbers belong to the public domain.

[Alan Browne]

It would be amusing, nay, interesting to see you in court defending
yourself against a copyright infringement with that argument.

Interesting as in how the Chinese use the word "interesting".

[sobriquet]

On Monday, September 25, 2023 at 8:34:58 PM UTC+2, Alan Browne wrote:
> On 2023-09-25 13:41, sobriquet wrote:
> > On Sunday, September 24, 2023 at 1:09:00 AM UTC+2, RichA wrote:
> >> People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
> >>
> >> https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/
> >
> > Nonsense.. everything can be downloaded for free.
> > Whatever people share online is just a bunch of big numbers (books, movies, images,
> > apps, music, etc..) and all numbers belong to the public domain.
> It would be amusing, nay, interesting to see you in court defending
> yourself against a copyright infringement with that argument.

Why bother with courts if you wipe your ass with human rights?

[Whisky-dave]

On Monday, 25 September 2023 at 18:42:01 UTC+1, sobriquet wrote:
> On Sunday, September 24, 2023 at 1:09:00 AM UTC+2, RichA wrote:
> > People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
> >
> > https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/
> Nonsense.. everything can be downloaded for free.

Not much that is worth anything can be downloaded for free.