The suspected-bot buyer also paid very high "gas" fees - which determine how quickly the Ethereum network processes a transaction - of 8 ETH ($32,000), to ensure the sale went through almost instantly.
Imagine if money charged you $32k on a $3k purchase to process that sale "almost instantly". NFTs should be an opt-in card for organ donation.
Yeah, unfortunately the real aim is to recreate Valve's MTX scam, where people pay a lot of money for digital things in the mistaken belief they can just sell them for more later.
basically yes, with the added concept of like...a digital space. like buying a "spot" in a metaverse game. I'm sure you know what i mean, i dont have the words for it lol. I havent read up on a ton of what the fabo "metaverse" actually is, but i am assuming its going to be a space that has a limiting factor of some kind leading to digital real estate. essentially trying to take the next step of the internet, and form a space for it in 3d/VR as opposed to a 2d screen version.
and it being owned privately which is frankly the most horrifying part of it all lol. NFTs are a drop in the bucket if the next mode of communication is privately owned by a mega corp
See, I think that it's just going to eat complete shit in a way that's extremely funny, but that crypto may actually get adopted specifically to justify higher prices for digital goods even though nobody will actually be buying the secondhand stuff. No public ledgers, just an easier way to keep track of shit like Valve does to siphon off money from other people. It seems like it could be an extension of the "neofuedal" model used by Uber and such where a capitalist literally just makes "the platform" and taxes the lumpenproles trying to earn a living through it, selling a myth that you can get rich.