NFT's and Beanie Babies, interesting article

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01-19-2022, 06:13 AM

BobC

Bob C.

Join Date: Apr 2009

Location: Ohio

Posts: 3,276

Quote:

Originally Posted by swarmee

Well, greater fools theory is a thing. Plus some NFTs have embedded into the code information about the original owner, and every time it sells, a portion of the sale price is sent back to the creator's wallet. And some NFTs have the ability to be moved off one site (original purchase location) into a digital wallet somewhere else, to be sold on a different exchange or just stored there in case of crash/theft. TopShot minted their "moments" with the availability that they could be moved off-site, however Panini's original blockchain was more like an Excel spreadsheet with tracking and all transactions needed to stay there (so Panini gets a recurring cut of every sale).

I hear you.

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