Nick Rishwain
@nickjrishwain
In an up market, I'm bound to make jokes about NFTs. To be clear, my jokes are about NFT cartoon art for the most part. NFTs themselves have real use cases. In fact, you can go and buy our farm right now via NFT: The estimated value is low, but we'd probably still sell for $330 USDC. https://fabrica.land/us/colorado/phillips-county/haxtun/3847-se
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Birdnals.eth 🎩💩
@birdnals
(I still like the jpgs) 😁
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Nick Rishwain
@nickjrishwain
I know you do. I mean I think it's a collectible market more than anything else. But I'm biased against the cartoon jpgs. Great for memberships. Great for tickets. Otherwise, some valuable collectibles and 99.9% trash.
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Birdnals.eth 🎩💩
@birdnals
V much agree. Just like any collectable, they need to start from a place of fun or utility (tickets, sports cards, gaming items, art) and eventually a market will develop for them beyond their utility/fun. People shouldn't treat anything without an established market as investments (I considered tokenized RWAs to have an established market in the underlying RWA, even if the tokenized form is new)
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Nick Rishwain
@nickjrishwain
I agree with you on tokenized RWAs. If they're based on underlying securities or other financial instruments, it makes sense. NFTs and blockchain for title makes sense. NFT art, I tell people not to play with unless you do it for fun. I tell them to avoid if they're in it for money.
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