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Benefit of the hindsight (sub.wetshaving.social)

submitted 6 days ago by weird@sub.wetshaving.social to c/memes@lemmy.world

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(page 5) 13 comments

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[–] mrbubblesort@lemmy.world 0 points 5 days ago (12 children)

NFTs are just beanie babies for millenials and gen z

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[–] Ronno@feddit.nl -5 points 5 days ago (7 children)

It's remains sad that the name NFT is tainted by scams. In business, we start using NFTs more in various other contexts than "art". NFT technology, without the scam marketplace, has many use cases that we only now start to see benefits from. It's a very good way to digitize assets and use them in business processes.

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[+] silentjohn@lemmy.ml -11 points 5 days ago (18 children)

I quite enjoyed supporting artists like Ame72 and Sabat by purchasing their digital artwork. 🤷‍♀️

I don't see how it's much different than Patreon. You pay creators that you enjoy, you get a digital collectable, and access to discord of you care about that sort of thing. NFTs allowed many people to do art full-time.

[–] renzev@lemmy.world -2 points 5 days ago (1 children)

yeah exactly I still haven't heard a single explanation of what makes NFTs a "scam". People just shout that word and expect you to accept it. Seriously, which part of a consensual transaction between two well-informed parties qualifies as a "scam"?

[–] silentjohn@lemmy.ml -1 points 5 days ago* (last edited 5 days ago)

There is undoubtedly a huge number of rugpulls, vaporware, empty promises, and outright scams with NFTs. But this is true of any nascent technology, any sort of project like this. The reason so many people know about it and are aware about it is because of the permissionless and open nature of crypto which allows people to see these projects in realtime.

IMO it's neither good nor bad. It's just nascent tech. For an artist like Sabet, it's obviously good! It gets people exposed to his art, with a low entry barrier, and allows people to support him. For people like Trump, it's pretty clearly bad, and it just allows him to scam/rugpull people easier and faster.

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