Authors Nathaniel Popper
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One fringe benefit of leaving the NYT is that I have been able to play around w/ owning and trading crypto for the first time.
I’ve still got plenty of unanswered questions, but the big thing I hadn’t anticipated was just how compelling and fun NFTs would be.
A thread:
2/I remember reading @fredwilson talk about his discovery of NFTs back in 2017 and it seemed like a silly, expensive online card game – at best, a bro-ish Keynsian beauty contest. Once I bought a few, though, it suddenly became clear why so many people are into this.
3/Yes, the space is rife with scams and I assume 95-99% will go to zero.
A good thread from an insider on the fakery and scamming tactics that have become
4/But at the most simple level, NFTs have given me, for the first time, a visceral understanding of the most basic innovation of crypto: What it means to digitally own a unique digital object.
5/With NFT’s you can own a digital item, carry it around between different online ecosystems and do interesting things with the item when you prove you own it. No company can deny me access to the item.
I’ve still got plenty of unanswered questions, but the big thing I hadn’t anticipated was just how compelling and fun NFTs would be.
A thread:
2/I remember reading @fredwilson talk about his discovery of NFTs back in 2017 and it seemed like a silly, expensive online card game – at best, a bro-ish Keynsian beauty contest. Once I bought a few, though, it suddenly became clear why so many people are into this.
3/Yes, the space is rife with scams and I assume 95-99% will go to zero.
A good thread from an insider on the fakery and scamming tactics that have become
few days ago i asked what to look out for in nft projects.
— wil (@wilxlee) February 18, 2022
here is the crowd sourced version. \U0001f447https://t.co/BTc4mjtIGO
4/But at the most simple level, NFTs have given me, for the first time, a visceral understanding of the most basic innovation of crypto: What it means to digitally own a unique digital object.
5/With NFT’s you can own a digital item, carry it around between different online ecosystems and do interesting things with the item when you prove you own it. No company can deny me access to the item.