-
That's Nothing. I Got A Virtual Bridge To Sell You
-
If you don't understand NFTs, join the club. But while investors are tripping over each other to buy NBA highlight video shares in what seems like a bubble based on FOMO, Jack Dorsey is getting in on the act, selling NFT shares in the first tweet, with a high bid of $2.5 million this weekend. I understand how the free market works, but I don't understand the valuation here. I mean, yes, an NFT is by design rare, but you could say that about the booger you just picked fron your nose. What does "owning" an NFT of a tweet that itself isn't rare -- anyone can go back and read it, and there's no licensing money or other value attached to it -- bring you for $2.5 million? (CNBC)
Have an opinion? Add your comment below.