Originally Posted by armchair
Americans have always loved this kind of thing. Baseball cards. Nintendo cards. They love collectables. I think the current nfts are bullshit but they are just the first itineration of a concept. How much do people pay for skins in games? nfts are a way to own a limited edition of a virtual item. Say there was an ALL-TIME GREAT Maradona available to but in fifa buy only a small number available. A rare pokemon. etc etc. It's still evolving.
Money has always been about rarity. That's why we had the gold standard even though gold isn't that useful.
While youíre right that those things donít exists in the real world, you can at least see the utility or perceived value, even if itís only within the realm of a video game, plus theyíre usually a few bucks. Do these things have any utility or exclusivity at all? What are these hundreds of thousands of real world dollars actually securing?