How to link an NFT to a digital art piece, and why it’s currently pointless
This week I have seen a lot of activity concerning non-fungible tokens (NFTs) and digital artwork. I assume that you are reading this because you already know what an NFT token is, but are a bit confused about what they signify, what the fuss is all about, and how to take advantage of them.
So instead of explaining how they work, I am going to look at the following questions:
- What are people actually buying when they purchase an NFT from a collectibles site, and
- Does what they get match their expectation in any kind of meaningful way?
As of 15 March, 2021, we are in the middle of another crypto gold rush. And as is always the case with gold rushes, except for a lucky few gold prospectors, most people are going to lose out.
Although the shovel-vendors will turn a tidy profit.
And what is worse: this time the pros...more