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What is The Eth community take on NFTs

What is The Eth community take on NFTs

Hi all,

I run a local Bitcoin meetup and lately a lot of people are interested in NFTs.

I am sceptical of them because as I see it, you are not really buying artwork. You are just buying a token with a link to a centralised server hosting an artwork.

Owning the token does not give you any special rights.

This is a fun and good analogy.

https://preview.redd.it/do5vum9k5mz61.jpg?width=586&format=pjpg&auto=webp&s=4d9ad88f723df9f8aad6d1232163421c73c1c0f8

I posted this question on the Bitcoin reddit and got a good explanation of NFTs and why they are worthless and of no long term value.

here is the thread https://www.reddit.com/r/Bitcoin/comments/n8wnts/nfts_from_a_bitcoiners_perspective/

I thought I would post this here to see if there is any rebuttal to the above.

am I missing something?

Can you make a good case for NFTs and why they will work?

submitted by /u/DanielWilc
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from Ethereum https://www.reddit.com/r/ethereum/comments/ne7a84/what_is_the_eth_community_take_on_nfts/

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