Keep NFT out of FF14

[SamSmoot]

Still not understanding NFT's You have an image file with 50 million copies floating around the internet and people's devices, but you put one copy of it into a blockchain, and it's suddenly worth $50 million?

[Shibi]

Still not understanding NFT's You have an image file with 50 million copies floating around the internet and people's devices, but you put one copy of it into a blockchain, and it's suddenly worth $50 million?

You know how you can buy canned fresh air? Bannf air for $25 a can?
Yeah, like that.

[Illmaeran]

You know how you can buy canned fresh air? Bannf air for $25 a can?
Yeah, like that.

More like Perriair.

[Alaray]

Still not understanding NFT's You have an image file with 50 million copies floating around the internet and people's devices, but you put one copy of it into a blockchain, and it's suddenly worth $50 million?

Usually people use a separate wallet to purchase it from themselves at a high price point, in order to make it appear as if the thing has any value. And then try to hype it up massively in an attempt to generate interest and get someone to pay more so they're not the last one left holding the worthless item, since; whoever holds it last is the person who loses the most.

People trading them back and forth with each other is largely where the extremely high price points come from. Plenty of people who don't do that, don't sell much of anything.

Going to also add: due to the decentralized, unregulated nature of any Crypto security, if a wallet becomes compromised there is 0 legal recourse. You just lose.