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flignats | 4 years ago

The NFT (Erc721) technology has started and will continue to disrupt so many parts of life that it is nearly unfathomable.

The technology was championed through artistic channels and we're still very early which is why it is the majority of the attention.

Some of these NFTs have intrinsic value simply for being the firsts/help create upon a technology that will continue to permeate through our culture and livelihood.

discuss

order

mdoms|4 years ago

None of them have intrinsic value. The word "intrinsic" has meaning, and this ain't it.

flignats|4 years ago

My guess is you will be able to look back at this comment in a couple of years and see why it was clear that some NFTs do have intrinsic value.

fouc|4 years ago

disrupt how?

jcfrei|4 years ago

In the most general way I would say NFTs allow for a more granular monetization of things. If you look at the history of finance it's a step by step progression to monetize smaller and more abstract things. It went from monetizing parcels of land (farmers paying a tithe), goods (farmers selling their own crops), services (people selling their labour), financial assets (selling future cash flows of a company or person), royalties (ownership rights to art, technology, patents, etc) down to ideas and bits of code (NFTs).

user-the-name|4 years ago

Sending some people to jail, probably.