02-02-2022, 12:16 PM
The concept of NFTs is valuable. But a JPEG is not worth millions of dollars.
<!-- SC_OFF --><div class="md"><p>In fact, I don’t think these JPEGs should be valued for more than 5 digits. And most of the time its not the market that’s setting these prices. They’re usually inorganically inflated.</p> <p>This is exactly why NFT like Bored Apes are so hated. I think the only valuable thing about Bored Apes is the access to exclusive places and contacts but thats it.</p> <p>Even then, I think this “exclusivity” is REALLY inflated when there are NFTs like Habtoor’s Last Hopium offering almost the same services and exclusivity for much less.</p> <p>I don’t want to use the word “bubble” cause NFT do in fact have a lot of applications later on. So let’s use the word “inflated”.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mandrake_m2"> /u/Mandrake_m2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sib6ur/the_concept_of_nfts_is_valuable_but_a_jpeg_is_not/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sib6ur/the_concept_of_nfts_is_valuable_but_a_jpeg_is_not/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>In fact, I don’t think these JPEGs should be valued for more than 5 digits. And most of the time its not the market that’s setting these prices. They’re usually inorganically inflated.</p> <p>This is exactly why NFT like Bored Apes are so hated. I think the only valuable thing about Bored Apes is the access to exclusive places and contacts but thats it.</p> <p>Even then, I think this “exclusivity” is REALLY inflated when there are NFTs like Habtoor’s Last Hopium offering almost the same services and exclusivity for much less.</p> <p>I don’t want to use the word “bubble” cause NFT do in fact have a lot of applications later on. So let’s use the word “inflated”.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mandrake_m2"> /u/Mandrake_m2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sib6ur/the_concept_of_nfts_is_valuable_but_a_jpeg_is_not/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sib6ur/the_concept_of_nfts_is_valuable_but_a_jpeg_is_not/">[comments]</a></span>Kind Regards R