I think I get the tech, but I don't understand the feasibility without more/better digital scarcity, and/or the enforcement of digital ownership by the state. Presumably, everyone is snatching up NFTs because they think that the prices will go up over time, and ownership will be enforced, hence allowing for scarcity. I'm not really sure I want to live in a world where digital ownership is strictly enforced by the state. edit: above the level of enforcement it's already at, I mean.
I can't! And exactly, we've been here before. Maybe my perspective is related to me dumping my childhood allowance into the Star Wars Customizable Card Game, which went from being worth hundreds of dollars to absolutely nothing. Edit: checking ebay, they could probably pay for themselves now. Hmm.
Because there is a central authority printing them it gives them the aura of legitimacy and affiliation with a couple major corporations. But nft and cards are the same to me, im really surprised more cards haven’t been turned into nft actually s as they are easier to trade that way. (See StockX nft shoes)
NBA, NFL and NHL are on Top Shot, which is on Flow. Topps went with Avalanche for theirs. NBA Top Shot does $700m a year, and they aren't even selling unique NFTs - they're selling "limited quantity" NFTs. Their NFTs also guarantee you absolutely no rights or royalties, and cannot transact outside of their ecosystems.