After watching this video im fully convinced that NFTs are a SCAM

[BrothaZay]

 

[Kuwka_Atcha_Ratcha]

No they're not, but with every industry and sector scammers will dwell

 

[Paper Boi]

go to coffeezilla's youtube page and look up logan paul or NFTs and you'll see all you need to see.

 

[Knowledge]

No they're not, but with every industry and sector scammers will dwell

What problem do they solve?

 

[FaTaL]

most are scams but the spiderman and matrix nfts are the real deal

 

[BrothaZay]

No they're not, but with every industry and sector scammers will dwell

What are they And why will they hold value? Why is a 45 second clip selling for 5.5 million dollars? What determines it's worth?

 

[Nymbus]

but it's in the blockchain

 

[Kuwka_Atcha_Ratcha]

What problem do they solve?

What makes you think they need to solve a problem?

 

[Kuwka_Atcha_Ratcha]

most are scams but the spiderman and matrix nfts are the real deal

Which ones do you think are scams and how?

 

[Kuwka_Atcha_Ratcha]

What are they And why will they hold value? Why is a 45 second clip selling for 5.5 million dollars? What determines it's worth?

Same questions can be applied to traditional art. Why does traditional art hold value? Why is a painting with blob of red paint selling for millions? What determines its worth?

 

[Won Won]

Definitely full of laundering and rug pulls

 

[BrothaZay]

Same questions can be applied to traditional art. Why does traditional art hold value? Why is a painting with blob of red paint selling for millions? What determines its worth?

I don't buy art. Can you answer the question?

 

[FaTaL]

Which ones do you think are scams and how?

i think mostly are scams unless their nfts of something of true value

example, spiderman nft has value because of its association with spiderman

 

[KillerB88]

You nikkas are obsessed with things being "scams". Every other group is out here getting money and putting it into real estate. Get with it or get left behind. The same folks crying scam will be whining about increased income inequality 15 years from now.

 

[Kuwka_Atcha_Ratcha]

I don't buy art. Can you answer the question?

Yeah sure. Pricing varies and a load of things, the artist who made it, scarcity, inovation, who is backing it etc