• GrandAyatollaLenin [he/him,comrade/them]
      ·
      4 years ago

      NFT means non-fungible tokens.

      Basically bitcoin, except not currency.

      You can think of it like a collectible coin that's worth a lot, but isn't actually usable as money.

      Since these are just arbitrary lines of code, it's hard getting people exicted for them.

      That's why they're tied to art. The token represents ownership of a piece of digital art.

      But, when promoting the art so people try to get the NFT, you have to show off the art, meaning it's publically accessable and you're wasting electricity trying to buy... Nothing.

      • Budwig_v_1337hoven [he/him]
        ·
        4 years ago

        But, when promoting the art so people try to get the NFT, you have to show off the art, meaning it’s publically accessable and you’re wasting electricity trying to buy… Nothing.

        being an art thief has never been easier, huh

        Selling illegal screengrabs of future-tech Art on the greynet like a true cyberboi

      • StellarTabi [none/use name]
        ·
        4 years ago

        The token represents ownership of a piece of digital art.

        But it's not "copyright" ownership, it's "proof that you paid money at it for no further rights, aside from reselling your receipt.".