Somebody please tell me how to short this NFT tomfuckery...
QuoteDisliked“I absolutely think it’s a bubble, to be quite honest," Beeple said, likening the NFT craze to the early days of the Internet.
DislikedYou could short DraftKings. They are in to all sorts of stupid shit, NFTs included.Ignored
Disliked{quote} This is dangerous. It's a much larger play against sports betting than it is against NFTsIgnored
DislikedMaybe there is no fighting NFTs... NFTs as a method to verify authenticity of physical goods is brilliant imo. I think that the NFT art market is saturated with garbage. That said... I'm getting the itch to hedge my bets and buy some sweet jpegs. {image}Ignored
DislikedThey don't appear to offer NFTs yet, but this could be the way. {image}Ignored
DislikedOne idea is to short Sothby's ... but that would also expose you to their non-NFT market.Ignored
DislikedThe art use case is that you can easily license artwork, but beyond that I'm struggling to understand $53M for a JPEG. Or even $1M. Unless that picture is expected to bring in $1M in licensing fees, what's the point? What can the owner of an NFT do with it that nobody else can do with it? Ie what do ownership rights give you? If the answer is "nothing", than the value of an NFT art should fall to its license income.Ignored
DislikedMy best guess is that much of the NFT market is playing with disassociated money.Ignored
DislikedI initially thought NFTs were just another vessel for money laundering ...Ignored