I read a lot about NTF, but for me there is still no exact understanding of how it works. Sale of intellectual property rights on a blockchain basis. But how does this work with tangible and not digital goods, are they sent or what?
Even I cant understand the NFT thing and whats the purpose of holding NFT. But in games i understand its like holding coins to play better. But other than that I dont know the use of it . If somebody here can explain it then it will be better. I googled it but still didnt understand properly.
NFT's are the new shiny thing and FOMO caused big prices some times. One of the first similar item I can recall were the eTops cards.. ( Electronic Cards)
I actually still have some from the first year they started it in 2000. They idea was you never touch your card, you buy and sell on a platform and the real Item
( which is the difference from an NFT) was kept in a Safe. If you ever wanted the physical Item you could pay a fee to receive it. There was much controversy with many saying your just throwing your money away. However I will throw a little money away at almost anything new lol.. 20 yrs later they still trade today.
So with the NFT digital art you have nothing physical but a cool idea and just like eTopps limited items. I think its here to stay as its new, its fun and it throws the finger up at conventional investments just like Bitcoin did at fiat currency. And who doesn't like that ")
