It really baffles me how people can be this naive and call NFTs "collectibles".
Main aspects of NFTs:
* An NFT is just a pointer - could contain a URL, or just a number used by its smart contract.
* The artwork is just pointed to, it's not on the blockchain. The exact same artwork can be copied without any restrictions, which would be impossible for an actual painting on a canvas.
* The URL may or may not exist for any given length of time either. (Even some NFTs that tried to point to IPFS, actually pointed to an IPFS redirector.)
* No other rights - copyright, moral rights, reuse rights, etc - are conveyed without an explicit contractual transfer. You neither have commercial use rights or any other rights, if it's not in an actual written contract, signed by the artist and you with real ink.
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NFTs are nothing more than a URL pointing to a file on a server. Nothing is stored on the blockchain itself, just another scam to make people think that a worthless "thing" has any value whatsoever. In addition, NFTs are good vehicles for money laundering.
It baffles me how Uninformed you are, and think because you understand how a nft URL works, you understand the WHOLE NFT MARKET as a whole...smh
FUNNY HOW PEOPLE NOT ACTIVELY INVOLED IN SOMETHING CAN STRONGLY TELL EVERYONE ELSE THE INS AND OUTS AND ITS FUNCTIONS. You all baffle me with your thick visors on...GET IN then make your "assumptions".
JUST BECUASE anyone can make a NFT.....doesn't mean "NFT" or the Tech or EVERY company/project behind them are junk or even out there trying to sell "art"
Some HAVE A MUCH LARGER SCALE PROJECT GOING ON...and people with your POV are going to sh*t them selves in another 6 months when you see what's coming, to the "BIG SCREEN".
Find a GOOD PROJECT /START UP , with a roadmap, and then maybe Join their Discord and get in there and lean A BIT more than you actually know right now.
.......You're missing the whole rest of the PIE as your only looking at the bottom crust layer.....and clearly don't understand whole the "COLLECTIBLES" is applied!
TCG community going to show you otherwise. THE TCG community and collectibles are so enter twinned ....That If you saw the PASSION between individuals going on behind all your news and articles, and bothered to JOIN a project get onn Discord and talk, ...you'd see there's nothing but LOVE and ENJOYMENT of people on the the Same project TRADING and swapping there NFTS with each other, and nothing but pure happy comments..."FIRE, omg LOVE it!" People get attached to there "characters "quick ...NO I'm not talking about some butt ugly pick you found on your thumb drive from 6 years ago either......I'm talking about one where the Artist, The Company, and the Characters, you can't help but LOVE.......DYOR...but the project I'm part of is has not been around long..and our community IS FIRE!
Of course scammer will always be around nothing new!
Everyone rushing to say NFTs are just for money laundering
CLEARLY haven't a clue what's going on , and that's the same think a ill informed person on Domains would say to someone whom just sold a domain for $1Mil
ALSO..LOL there's s00oo manyyyyyy people in NFTs the NUMBER of PEOPLE joining each day
Age's from teens, to College students, to just people who like art, or your local MTG(Magic Card Shop Players, and video Gamers JOIN EVERY DAY)
IF YOU TRULY THINK ALL THIS EVERYDAY CONSUMERS ARE JOINING TO LAUNDER MONEY, you're off your rocker LOL half them have no money to launder,
Most are there, to Make money, Create, Trade, and or Enter Act with like minded people
perhaps 1% or less of the active PEOPLE in NFTs...are the scammers and tax evaders, you and many like you are so quick to imply.
Also The Original Creates of the NFTS..if the ART used is original, there is IP and Ownership royalties' and more depending on who/what project you're looking at!
and YES when you MINT a NFT on the BLOCKCHAIN and the contract address is created...you have then have a PROOF of PROVENANCE- ( Proof of ownership in Art world)
You talking about NFT's and their pointer URL and Believing you know all there is to the entire NFT space...
Is like me saying I know how to change a DNS... So there for I understand how to build a website, and write the code myself, as well as understanding, why people would want to buy my website, and pay me to write there code and more....
LOL not even close!
It's the same with all the anti crypto people that don't even know how to load a wallet or send btc, eth etc to there friend..
The people out here telling others what it feels like to BE DRUNK having NEVER BEEN drunk....LOL BAFFELS ME!
Good Day