Keanu and NFT’s

Kuwka_Atcha_Ratcha

Superstar
Joined
Jul 17, 2012
Messages
13,684
Reputation
-4,185
Daps
16,496
Reppin
NULL
He fails to understand that The NFT space is still in its infant form. Nobody even knew what it was until last year and still most dont. Judging a space in its infancy is naive to me.

While theyre a bunch of shill projects who just want to cash in, theyre are also ones who are pushing the boundary and creating the innovations of what nfts can do. Plenty of new industries had there doubters as well.
Finally someone that gets it, exactly!!!
 

teacher

All Star
Joined
May 1, 2012
Messages
4,918
Reputation
-421
Daps
7,316
Utility for nft’s tickets, you can’t steal or scalp’em anymore if you don’t have proof of ownership on the blockchain :ahh:

As far as video games and music in defi(decentralized finance) anything goes which what has governments around the world nervous. They can’t stop it they want to control it but don’t understand it. Axie infinity uses nft’s in their game. You can sell your characters etc. also you get royalties each time your nft is sold.
 
Last edited:

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
46,046
Reputation
3,894
Daps
69,737
Reppin
Michigan
He fails to understand that The NFT space is still in its infant form. Nobody even knew what it was until last year and still most dont. Judging a space in its infancy is naive to me.

While theyre a bunch of shill projects who just want to cash in, theyre are also ones who are pushing the boundary and creating the innovations of what nfts can do. Plenty of new industries had there doubters as well.
Without regulation NFTs will spiral out of control. A ledger that says you bought and own X is meaningless in the face of X possibly being created fraudulently also how does an NFT know if it was sold or transfered? What if people go outside any marketplace do the transaction then simply transfer the NFT?

The worst part is its a system built on top of cryptocurrency.
 

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
46,046
Reputation
3,894
Daps
69,737
Reppin
Michigan
I've been watching this in chunks and it's fascinating.

It is very long but it has time stamps. Section 4 and 5 are very informative. Number 7 is brutal.
 
Last edited:

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
46,046
Reputation
3,894
Daps
69,737
Reppin
Michigan
An hour and twenty nine minutes into that video. Hackers found Waka Flocka's wallet address inserted fake NFTs with malicious code in the smart contact. He didn't know and tried to delete them. The code executed and drained his wallet. Interaction with the items at all executes the code in the smart contract.

This is what people are saying we should use to log important documents.
 
Top