HACKER Q&A
📣 Repreneur101

What do you think of NFTs? Are they the Future or a fad


All this NFT Hype going around seem to be hitting numerous levels, According to google trends the search volume has been dipping.

Is this a cause of it reaching maximum exposure and stabling out or just a sign of a market crash?

Link to the google trend graph :


  👤 aurizon Accepted Answer ✓
Is this an analog of the bricks and mortar retailers that have been decimated this 20 years past? Painters created works and various art display operators showed and sold the paintings. The artists also created numbered/sogned prints and then sold image rights to rights houses. This NFT creates an intangible, yet uniquely authored work of art. The old Picassos had their own uniequeness, few were copied - those that were - some were outed, others have merged into the continuum of Picassos work - hopefully zero fake, but we may never know. It is hard to be a Picasso in the flesh, although there are other fleshly artists, they are usually of a distinct style, so they are rare as well as unique and the ease of entry of new master artists is a lengthy process, often over 100 years. Contrast this to NFT. Ease of entry is minimal, you can create 10,000 before dinner and more the next day - each one a unique NFT. Who will buy them? They must have an 'Aura of Demand' - this is a distillation of their internet presence and Aura and as an NFT influencer. So this NFT must somehow be attached to or created by this person and their 'Aura of Demand' What this means is they are like bubbles, inflated with the pressure of the 'Aura of Demand' and which will only hold value as long as they are inflated. Once popped, all that will be left is a thin mist. On the other hand, if you borrowed $1,000,000 to buy an NFT that popped, you would still have to repay that loan. If a work has enduring value it might escape that fate - I have seen few of those - so far. The Caveats might well emptate - apologies to my Latin teacher in 1950, whom I amused thus.(after a long line of British school boys). "Latin is a language, lying in the dust. First it killed the Romans, now it's killing us...

👤 tardibear
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