If there is enough interest here I can always make a 2021 version

There's so much positive commentary on NFTs here, so I'll offer a contrary opinion...

NFTs are currently extremely overhyped and even more extremely overvalued.

First off, NFT = Non-Fungible Token. One of the largest value props of Bitcoin is that it's fungible. One sat is worth just as much as the next sat, and the network doesn't discriminate. With NFTs, you're creating tokens which each have a distinctive, subjective value, rather than a more widely agreed upon objective value, determined from multiple global exchanges.

Nothing wrong with subjective value. To some degree, most value is subjective, but I feel like people are investing in these non-fungible tokens as if they were fungible.

The value of holding a token which is tied to some other object, whether it be physical or digital, makes very little sense to me. Okay, so you're the owner of this particular digital image because you hold the private keys to a digital token linked in some way to the image. What does that do to you? What extra satisfaction is there for the key holder?

Compare this to an original painting that one has physical possession of. The painting itself has value over a digital image of the painting for several reasons - it's a physical object, and more about the painting can be appreciated because of the nuances that can't be replicated with a digital scan - the feel and visual texture of the medium, how it looks at different light angles, etc. This I can understand. But the digital image is something so cheap with modern technology that it is indefinitely replicable for a cost that is very near zero.

Disclaimer - I bought a bunch of rare pepes back in 2017 because it was novel and fun, and a good network stress test. Though why people are willing to trade large amounts of real BTC for these digital tokens is beyond me. In pre Bitcoin world, it would be like trading a bar of gold for Pokemon cards - sure, you might get lucky, and get some valuable card you can pass off to someone else, but fundamentally it's trading real wealth for more subjective, imaginary value. Part of me feels bad when I sell a Pepe card for BTC. And I would never be buying Pepes at these prices.

NFTs may have a place in the collector's world. But this initial hype doesn't correlate to the "value" offered by corresponding digital tokens. From my perspective, this is a giant money grab from both artists and speculators looking for another way to cash in from noobs caught up in the current crypto hype cycle.

That being said, I'm all about the free market, and other people's choices are ultimately none of my business. The above is me thinking aloud and voicing my opinion. Happy to hear from people as to why NFTs give them value, or other arguments as to what justifies the current hype.

the only way that it would have been worth more if they bought/held btc is if the same amount spent on the coin would have been used to buy btc and only then if that btc was would today be worth more than that coin. If so, then it would have been better to buy/hodl the btc. If not, then the coin is a better deal. Probably helps that the coin is super rare and made of gold that so that increases the value, quite a bit imo.

that is not the same as the guys who spent btc to buy your seats, while your seats are (for some) worth more USD now than maybe they spent ie paid 100 bucks and seat is worth 110 bucks (made up numbers, I have no idea what anyone paid or what their seats are worth and that would vary for each person) so yes they are up 10% but had they bought 100 bucks in btc and held it, they would be up considerably more.

in the end, i think it is safe to say, hindsight being 20/20 the best anyone could have done was to buy btc and hodl.

Make Bitcointalk NFT project. Easy million for Charity

i find this again a very good idea from you and i once even found a site that accepts donations in Bitcoin or other cryptocurrencies.

https://www.bbrfoundation.org/get-involved/donate-cryptocurrency

so you could send the Bitcoin amount to the donation address right after the auction ends
i am already curious what you will offer us at the auction then

What is an OG collector, anyway? I bought a couple dozens of Casascius from Mr. Mike Caldwell himself at end of 2012. Am I an OG? 

I know of a few. Mostly they have all the coins they want, they will NEVER sell them, and they have enough money now to do whatever the fuck they like. Blazed had what, like 40k coins at one point? He's a billionaire, doing billionaire things I imagine.