this post was submitted on 19 Feb 2025
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Anyone who didn't sell after the idiocy of the NFT market is a fuckin bagholder through and through.
An NFT market was stupid to begin with, because it's trying to use endless amounts of CPU cycles to enforce an "ownership" system that is genuinely unneeded and only serves to benefit Capital and Capitalists.
Hell yeah let's burn down the planet for fuckin skins in video games! /s
Later, they would shut down the same market, after barely over a year and a half.
This was and is a company with no concrete plans for the future that was spinning its wheels since its core business was failing and continues to fail.
Diamond hands? More like Sunk Cost Hands.
It's an apt comparison but NFTs are sooo much worse than skins. At least there's an opportunity to "enjoy" skins as well as show them off during an activity you're doing anyway.
With an NFT it's just "look at this picture I own!" and nothing else
I thought an NFT was just a link to an image and didn’t actually contain the image itself?
Yes. The data for the image isn't hosted in the block chain of the NFT. The NFT is basically an unfalsifiable digital signature of authenticity.
They're popularly used for digital art, but can be paired with any technology as a digital signature.