Neither of you are correct, technically, although you shouldn’t feel bad about that as it’s what 99.9% of people think. An NFT is a representation of ownership on the block chain ledger. It can represent ANYTHING, houses have been sold as NFTs as well as many other things.
I’m curious about the claims of the guy above you as well, I certainly don’t know for sure, but I don’t see why it should take incredible amounts of energy to maintain block chain, and it sounds like that user is conflating crypto mining with NFTs.
Note: I am not promoting either, please don’t buy crypto or pointless NFT images!
I’m glad some people understand beyond the headlines, I think NFTs could be really neat as a way to have some sort of in-game item or w/e, fully transferable and all that 🤷♂️
Especially since most nfts I’m aware of are on the ethererum blockchain, which now uses orders of magnitude less electricity from the switch off of PoW
Impossible at this point. I’m not even remotely joking when I say I have never seen a more powerful misinformation campaign in my entire life, for anything political even, as I did for brainwashing the masses into believing that NFT = JPEG. Literally almost every human you will encounter knows the term NFT and thinks as a fact that it’s just another image file type, but in particular one that was heavily memed and morons/criminals moved incredible sums of money over. They don’t understand that a lot of the extremely high dollar NFT sales are just money laundering or other criminal loopholes, they just think really rich people are paying millions for monkey pictures. It’s the most lost cause of anything. You might as well try convincing the world that religion isn’t real; right as you may be, it’s impossible to accomplish.
Neither of you are correct, technically, although you shouldn’t feel bad about that as it’s what 99.9% of people think. An NFT is a representation of ownership on the block chain ledger. It can represent ANYTHING, houses have been sold as NFTs as well as many other things.
I’m curious about the claims of the guy above you as well, I certainly don’t know for sure, but I don’t see why it should take incredible amounts of energy to maintain block chain, and it sounds like that user is conflating crypto mining with NFTs.
Note: I am not promoting either, please don’t buy crypto or pointless NFT images!
I’m glad some people understand beyond the headlines, I think NFTs could be really neat as a way to have some sort of in-game item or w/e, fully transferable and all that 🤷♂️
Especially since most nfts I’m aware of are on the ethererum blockchain, which now uses orders of magnitude less electricity from the switch off of PoW
Impossible at this point. I’m not even remotely joking when I say I have never seen a more powerful misinformation campaign in my entire life, for anything political even, as I did for brainwashing the masses into believing that NFT = JPEG. Literally almost every human you will encounter knows the term NFT and thinks as a fact that it’s just another image file type, but in particular one that was heavily memed and morons/criminals moved incredible sums of money over. They don’t understand that a lot of the extremely high dollar NFT sales are just money laundering or other criminal loopholes, they just think really rich people are paying millions for monkey pictures. It’s the most lost cause of anything. You might as well try convincing the world that religion isn’t real; right as you may be, it’s impossible to accomplish.