Quote:
Originally Posted by The Familia
Some days I wake up and think to myself that the world cannot possibly get any dumber....and then I read this. I just did the math, and if the Flames sell every NFT at what they have listed, they will make just shy of $87,000. Let that sink in, $87,000! For a spinning digital coin that most computer programmers could create in a couple minutes. Am I missing something or is this a complete scam?
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$87k is chump change; according to this article, there is about $500M in value in the NBA's Top Shot (NFT) program alone.
https://www.sportico.com/business/te...es-1234634072/
Of course, that's only 25% compared to its peak in the spring of 2021 (when it was almost $2B). I wonder how much money people lost if they bought at the top.
The old adage still stands: something is only worth what someone else is willing to pay for it, whether it's a precious metal, and signed jersey, or digital highlight of Steph Curry shooting a basketball
