NFT's can be used for interesting things. There's a lot of capability when it comes to using them with games. When it comes to art or "collectables" it's probably all money laundering, just the same as modern art.
This is probably the future of money laundering. Why waste time and energy creating "art" when you can just sell your some dumb tweet you made 10 years ago lmfao
They look like a crypto-currency tweaked just enough so it can't be considered a "currency" for tax purposes and sales are taxed at capital gains rates.
NFT's can be used for interesting things. There's a lot of capability when it comes to using them with games. When it comes to art or "collectables" it's probably all money laundering, just the same as modern art.
This is probably the future of money laundering. Why waste time and energy creating "art" when you can just sell your some dumb tweet you made 10 years ago lmfao
Just like traditional "art" that sold for millions of dollars ... the market isn't real.
It's has long been known that the extremely wealthy use the high end art trade to launder money.
NFTs are just an evolution of that long running activity.
They look like a crypto-currency tweaked just enough so it can't be considered a "currency" for tax purposes and sales are taxed at capital gains rates.