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[-] Knock_Knock_Lemmy_In@lemmy.world 1 points 9 months ago

Um, yes. At the most basic, NFTs are receipts.

[-] merc@sh.itjust.works 1 points 9 months ago

In some ways, but receipts are generally given for useful things you buy. Not proof that you threw useless crypto at an even more useless entry in a star registry.

[-] Knock_Knock_Lemmy_In@lemmy.world 1 points 9 months ago

I agree. You don't buy a receipt. The NFT itself is not valuable. What the NFTs are linked to is what is of value. All the NFT does is show who owns whatever it represents.

You can link NFTs to green energy certificates. It's the certificates that are valuable, all the NFT does is show who owns the certificate.

The monkey jpegs are not what made bored apes interesting, it was the marketing and "additional features" that was valuable (to some people).

[-] merc@sh.itjust.works 1 points 9 months ago

What the NFTs are linked to is what is of value

No they're not, they're entries in a star registry.

All the NFT does is show who owns whatever it represents.

No it doesn't. Just like a receipt doesn't show who owns something, an NFT doesn't either. It just shows who spent money on something.

[-] Knock_Knock_Lemmy_In@lemmy.world 1 points 9 months ago

You seem angry about people selling stars. The NFT is just the paper the certificate is printed on.

this post was submitted on 15 Apr 2025
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