Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment - eviltoast
  • blargerer@kbin.social
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    1 year ago

    NFTs do have value in narrow use cases. For instance Domain names are NFTs and incredibly important to the way humans interact with the internet.

    • Square Singer@feddit.de
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      1 year ago

      Except they aren’t because they are just managed by a bunch of central agencies.

      Not everything that’s digital and where the rights to it can be sold is an NFT.

    • asret@lemmy.zip
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      1 year ago

      Except that they’re not. NFTs take something that exists - like domain names - and injects unnecessary Blockchain bs. What added value does a Blockchain bring?

    • emax_gomax@lemmy.world
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      1 year ago

      Lmao, have you ever a bought a domain name. Its not an NFT, lmao you don’t even own one permanently after buying u. You basically license one from a registrar and that expires after a set interval. There’s no NFTs involved.

      • blargerer@kbin.social
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        1 year ago

        You’re the third person to say the same thing. NFTs conceptually predate the existence of the blockchain and don’t need to be on it. Wikipedia or w/e you got your definition that says otherwise are simply wrong. And yes, I own several different domain names.

        • natanael@lemmy.ml
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          1 year ago

          Not sure you know what the token part of NFT means. Usually it’s the non fungible part, so congrats on being uniquely wrong.

        • s_s@lemmy.one
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          1 year ago

          At some point in time you’ll just have to unravel your word salad and realize that all things associated with this space are incredulous.