What in the World is this? A cryptocard?

[ASF123]

Pardon my ignorance, but how do gas prices have anything to do with this stuff?

[zoomfest]

As I understand it, gas prices are effectively transactions fees determined by congestion / demand on the blockchain.

Also, in an NFT, you are getting a unique item - even it can be copied thereafter. So - some would say - people's desire to own an original Babe Ruth rookie card as opposed to a reproduction (although it's certainly not an exact parallel). But one (likely of many) of the issues with this Ebay offering is that it is just simply a copy of many similar cards that is registered on the Etherium blockchain. There's no scarcity therein and why would anybody care? I can't imagine.

On the other hand, I do personally see some value in blockchain in cards, but I'll save that for another time.

[swarmee]

Originally Posted by ASF123

Pardon my ignorance, but how do gas prices have anything to do with this stuff?

"Gas" price is the term for the transaction fee to update the blockchain. It's not gasoline, it's a percentage of the sale in Ether based on how heavy the number of transactions are at the time.

[ASF123]

Originally Posted by swarmee

"Gas" price is the term for the transaction fee to update the blockchain. It's not gasoline, it's a percentage of the sale in Ether based on how heavy the number of transactions are at the time.

Aha. Thanks!