LogFAQs > #961130958

UnMead posted...

NFTs are for real not that complicated Im not sure why the majority of people seem to be bending over backwards to intentionally refuse to learn or understand how they work and why they have value

They're literally a matter of paying money to receive a receipt saying that you paid money. It's a very secure receipt, so nobody else can claim to have paid for yours unless you sell it to them, but it's still nothing more than a receipt. The only thing you can do with it is sell it to somebody else, who can then proceed to similarly do nothing with it. Meanwhile, every one of these transactions consumes a buttload of electricity for the sake of all that nothing. They have value purely because people arbitrarily decided their FOMO was bad enough that they wanted to give them value.