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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Why we buy NFT? on: August 03, 2021, 05:48:52 PM
NFT arts is actually not an investment asset from my opinion because we actually don't know the demand and value of the art so its simply going to sit your data storage and you can claim that you are the only one who is having it, nothing more.
Yep, I have to admit the fact that NFT is not much good enough as investment asset than fungible crypto currencies, stocks and so on. But I think it is cool and security enough to be the next generation of collectibles.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Why we buy NFT? on: August 03, 2021, 05:33:21 PM
If you buy the NFT for a piece of digital art, the NFT is not the image file. It is only the record of ownership or authenticity that's stored on the blockchain. The image file will be hosted elsewhere. It's like buying a limited edition print of a photograph.
The information recorded in an NFT essentially lets a creator digitally "autograph" their art. So even if an image or piece of music has been shared hundreds of times, if you buy the NFT, you're buying something unique.


Sounds great! I think I love the way that shows I own a piece of digital art by blockchain.
3  Alternate cryptocurrencies / Altcoin Discussion / Why we buy NFT? on: August 03, 2021, 05:14:15 PM
Recently, I have learned more about the meaning of nft. I currently think that a large part of the value of nft lies on collection and identity authentication.

For collections, nft will never be destroyed even if the project founder or artist leave it, your token will always be stored on the blockchain. For example, as for me, I will never sell my  Pixelglyphs which a very attractive project I discovered recently which uses algorithms to generate pixel avatars on the blockchain, which is similar to the default avatar on github. Each avatar is different, and there is no so-called rarity and attribute. Even it's price go to zero, I will buy as much as I can, because I just like them and they will always belong to me.

For identity authentication, the popularity of cryptopunks not only because of its special meaning (almost the earlist NFT program) and collection value, but also because of the  representation of  a group of top players in the crypto currency area. For example,famous people from Twitter and company spent tens or even hundreds of eth to buy cryptopunks to show their vision, ability, and have chance to make friends.
What do you think of the prospect of NFT, and why do you buy NFTs?
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