Quote (ISellLeagueBoosts @ Jan 16 2022 11:39pm)
No one is really investing in NFTs except to launder money.
It's just like the "earth 2" craze, bunch of idiots will get scammed and everyone else will laugh while they defend it.
its just like people who buy art IRL that aren't actually laundering money, stupid.
You are confusing the two types of NFTs that exist.
One NFT is effectively to launder money. A stupid pointless useless pixelated drawing that does nothing, is the one you are referring to that big money people use to launder money (these ones are very popular in the North America and European crypto communities).
The one I'm talking about, are the play to earn NFTs, these are NFTs that are used to play games and mine/produce tokens that can be sold in the market. To give you an example, if PoE was a NFT game, each character would be an NFT, each weapon would also be an NFT, each gem an NFTs, etc etc. I'm just giving an example so you can understand the difference. I'm not talking about the first type of useless NFT that is used to money laundering, I'm talking about the second type which is used to play games in the crypto world. Many people, especially in Latin America and South East Asia, are no longer playing these games (D2, PoE, * etc etc) that give them no income or money, and are moving to the types of games in the crypto world that use NFT and generate tokens that can be then sold for BNB, USDT, BUSD etc. Yes, most of those games are ponzi schemes that collapse quick, but new ones are coming that are better and sustainable long term.
*Runescape, a lot of people used to play it here in Venezuela to sell the runescape gold for bolivares or dollars, but Jagex (the company that owns runescape) is mass banning accounts especially from Venezuela because of this. So, you can imagine most of the venezuelans that used to farm gold in runescape moved to crypto NFT play to earn games.
This post was edited by Golden_Order on Jan 17 2022 09:15am