NFT

you know how you can have a hat in tf2? this is baisically hat in tf2, except instead of asking valve servers if that hat is yours and if you can wear it, you ask ten random niggers on blockchain, and if most of them say that it's yours and you can wear it then you can wear it and the guy who said you can't gets purged.

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yes, be sure to pay millions of dollars to konami for a picture of castlevania that is not even original but from an old game, and then hope the price goes up and you can sell it back because that's literally the only reason nfts exist

it stands for poor people crying because they cant afford the fee to mint one. artists rise up!

Niggre faggot tranny

And who controls the blockchain?

>please buy my bag, I am suffering

you pay someone thousands of dollars (at least) to buy a receipt that says you own a URL that links to a picture. no government is confirmed to recognize this as legal ownership of the picture. you do not own any rights associated with the picture. the picture can be taken down, rendering your URL broken, and there is nothing you can do about it.

faggots claim that this is impressive new technology because we can now have 'indestructible' and 'unfraudable' proof of ownership. so far there is literally zero application for these tech because proof of ownership has existed for a long time, and it's easy to prove assuming you're not a retard who fails to protect your things. even if all the things NFTfags said about them were true, which they're not, then an NFT would still not be able to do anything that a notarized contract cannot, for a fraction of the time/expense.

currently there are four groups of people using these things:
>literal criminals laundering their money
>literal criminals trying to scam suckers into buying dumb shit
>suckers who don't know what they're buying
>and now we have vidya publishers who see lootboxes getting regulated and are desperate to create some other kind of scam to replace them

NFT is a share in a ponzi scheme and devs love the idea because it lets them sell you nothing for money

Niggas For Trade

>and if most of them say that it's yours and you can wear it then you can wear it
No, you can wear it if the devs of the game you're playing say you can wear it and have implemented the functionality in their game.

I'm just so glad that torrents were invented before we reached this point where we try to monetize everything.

According to James Rolfe, it stands for No Fucking Time

NFT=Nigger Faggot Tranny

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>no government is confirmed to recognize this as legal ownership of the picture.
Neither do the sellers, actually. No NTF vendor (at least no major, reliable one) actually claims the NTF gives you the rights of ownership to the picture. It's literally a tackled on bonus for buying the token itself. You are buying the token. You are not buying the digital good attached.

Whoever controls the miners. If no one controls the miners, no one controls the blockchain

This is the best video about NFT. The one by Folding Ideas is fine but it has so much breadtube bias that it is difficult to listen to. The explanation that NFTs are the equivalent of paying for the ownership of a star because when you "buy" a star all you're doing is buying a place in a database owned by the star selling company.

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The miners have to get their rocks from somewhere.

you are literally buying a link to google drive

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>what does it mean?
Dummies think that companies will give them free shit

Nonillion Fools Taken.

It's a pyramid scheme like Avon ladies for brainlets to rip each other off.

What's the difference between buying a NFT vs buying some in-game cosmetic besides the price tag? You are still spending money on some silly pixels on a screen.

NFTs are just deviant art bases that are being filled in and resold at a market designed to cater resellers.
this is why all NFTs look the same because they same base and companies want to get in on this because it's stupidly easy to profit and implement.

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>take a dollar bill
>scrawl an internet url on it
>it's not a dollar any more
>it's worth is somehow related to whatever the url points to
Currency should just be currency. Doing this is stupid for anything other than trying to get people to buy into your currency.

whoever has the most money

>you are literally buying a link to google drive
Again: No.
You are buying a Number.
You are also given a link to a google drive because that makes you feel like you bought something more substantial than a fucking Number.

But what you are buying, and what you actually own, and what the transaction, which is by now legally recognized in most countries, is the NUMBER. A unique number that nobody else can own. That is your. You can be very proud of it. If you are lucky, you might also be granted some other perks (as an incentive for buying that NUMBER) - so in gaming, it may be more than just a link to a google drive: it may be an access to cosmetic or something. But that is again, tangential to the transaction.
You bought a number. And if the vendor feels generous, he may throw in some digital bonuses.

>Publisher publishes game
>You pay for the game (or not if free to play)
>They try to get you to pay again with monetisation - microtransactions, dlc, season passes, loot boxes
>"Players are spending a lot of time and effort playing our games, why are we not profiting from their labour?"
>You get an NFT as a result of putting hours of grind into a game that you can then sell to other players who don't want to do that grind
>Publisher gets paid again taking money from that transaction
Behind the veil it is just another route to monetisation. Publishers will make devs implement grinds for NFTs around addictive elements to try to profit from the unpaid labour of gamers, to the detriment of game quality. If you engage with NFTs in any capacity then you deserve to be spat on.

Zero difference. The theory from cryptoshills is that your token can be useable across games (the metaverse), but why the fuck would EA allow me to use my Siege skin in Apex? It's retarded.

since many countries are now banning lootboxes, gaming companies need to find a way to monetize their games. With NFTs they can charge outrageous prices for some stupid in-game items. Whales will pay.

>what does it mean?
microtransactions that are tied to a meme crypto coin that (You) and everyone else who purchased it inflate so the devs can attempt to make more profit off your bad spending habbits. there is no upside, it's an assertive effort to force speculative trading into video games and draw in the crypto bros who will further destroy the game because they couldn't give a shit less about it, they're there to gamble.

>What NFT stand for?
naughty feet toys