I work in tech and know just enough to not be an enthusiast about any of it, so while I understand the concept of NFTs, I don't really understand how any of it works in practice.

I keep seeing these pictures, like a monkey cyborg or the ugly cartoon lions, that have sold for huge amounts. I understand people are paying in Ethereum or whatever, so it's not exactly like they're selling for millions of dollars, but what is stopping me from making a bunch of crappy art, turning it into NFTs, selling it all for Ethereum, and cashing out the Ethereum? Is there some special significance to the NFT art I'm seeing that makes dumbasses want to buy it? Like the artists are well known, or the images are well-known memes or something? I'm guessing I can't just start doing it too because if it were that easy everyone would already be doing it. Help me understand

    • cawsby [he/him]
      ·
      3 years ago

      Can't wait for crypto linkrot to start making some of these NFTs dissapear.

    • UmbraVivi [he/him, she/her]
      ·
      3 years ago

      maybe they will be characters in a new online game, or you can destroy them to get an IRL artifact, or there is a development team who is going to spend lots of money on advertising

      important bit here is that these things don't actually need to happen, what matters is that you say they will

      there is some NFT scam literally promising a trip to the moon and people bought into it, just let your imagination run wild and make a pretty graphic