The funny part about OpenSea having
Posted: Sun Jan 19, 2025 8:36 am
The funny part about OpenSea having a “terms of service” is that it pretty much invalidates the idea of this being a decentralized platform for censorship resistant art. If you violate the TOS, they’ll simply remove your NFTs. Even worse, violations of the TOS are human moderated, so the rules are selectively enforced.
Knowing this, it’s hard for me to recommend NFT art as anything groundbreaking buy algeria cell phone number list than a temporary window of opportunity for artists to sell their digital art. In my opinion, the buzz will fade over time, then drop off a cliff as people realize that most digital art will not gain value over time. With the exception of a few high profile images, it’s likely that almost all NFTs will lose value over time. Personally, I think we’ve hit peak NFT and will only see the market as a whole go down starting in 2022.
Bitcoin VS NFTs
The difference between a truly decentralized digital token like Bitcoin and NFTs is that bitcoin is fungible and divisible, meaning it can be used as money. I can trade an car for some bitcoin because I know the bitcoin can be later used to buy groceries. The same can’t be said of a Bored Ape, which cannot be divided and is only worth as much value as someone is willing to price its aesthetics.
Knowing this, it’s hard for me to recommend NFT art as anything groundbreaking buy algeria cell phone number list than a temporary window of opportunity for artists to sell their digital art. In my opinion, the buzz will fade over time, then drop off a cliff as people realize that most digital art will not gain value over time. With the exception of a few high profile images, it’s likely that almost all NFTs will lose value over time. Personally, I think we’ve hit peak NFT and will only see the market as a whole go down starting in 2022.
Bitcoin VS NFTs
The difference between a truly decentralized digital token like Bitcoin and NFTs is that bitcoin is fungible and divisible, meaning it can be used as money. I can trade an car for some bitcoin because I know the bitcoin can be later used to buy groceries. The same can’t be said of a Bored Ape, which cannot be divided and is only worth as much value as someone is willing to price its aesthetics.