This was definitely rhetorical, but just in case... you borrow them, sell them, wait for the price to fall and then buy them back to return them to the original lender. Same as any short bet!
My aunt's recently retired and so I got to hear all about her newfound online gambling habit over Thanksgiving. She's a lovely woman, just awfully lonely. Anyway, the sports betting community - a weird mix of frat bros, STEM guys and old people like my aunt - have fully embraced digital trading card NFTs and they use them as gambling instruments. I'd be shocked if they didn't already have some sort of informal mechanism for shorting developed!
This was definitely rhetorical, but just in case... you borrow them, sell them, wait for the price to fall and then buy them back to return them to the original lender. Same as any short bet!
Yeah but is any actually letting people "borrow" NFTs like that?
If there's not some mechanism for doing this already, via CoinBase or whatever, I'm sure you could make a mint creating it.
My aunt's recently retired and so I got to hear all about her newfound online gambling habit over Thanksgiving. She's a lovely woman, just awfully lonely. Anyway, the sports betting community - a weird mix of frat bros, STEM guys and old people like my aunt - have fully embraced digital trading card NFTs and they use them as gambling instruments. I'd be shocked if they didn't already have some sort of informal mechanism for shorting developed!