this post was submitted on 15 Jun 2023
14 points (100.0% liked)
13619 readers
1 users here now
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Link
God it’s so shit, why does every manager want this
I still don't get NFTs. Not the technical part, but the why-the-hell-would-anyone-want-this part. Like, I can't even understand the logic behind someone thinking someone else would want something like this. It seems like it should be a simple concept but my brain just hurts.
A crypto coin is only worth as much as the hype surrounding it, so the people holding a lot of crypto needed something beyond "you can use this to buy drugs on the internet" to generate hype.
It turns out that more than a few people investing in tech don't really understand what they invest in, but are highly susceptible to FOMO so any tech company wanting a quick cash injection put together a blockchain/nft/play-to-earn/web3 pitch.