So imagine you bought an NFT showing Tom Brady's last TD football for a shitload of money... Oh wait, that is just a worthless digital shit, I have a much better tale for you. Imagine you bought Brady's last TD actual physical football for 500K dollars. Then this mofo announces that he is done with retirement... Now this is a perfect analogy just how much the average NFT is worth.
You got a lot of hate for NFT's now, Pek [I only have a little bit invested in NFT's, ~$50k value if I can unload them at current price floor] Which one do you hate more, Bitcoin or NFT's?
Yes you're absolutely right, it would be worthless to you since you are uneducated and think that everyone has the same perception of value as you do. But the 99% of other people in the world KNOW that the authentic NFT of Tom Bradies 'Undeflated' football will be worth millions one day and will hop all over it, leaving you behind in the dust. Instead of some ugly torn up football that has been touched by many players hanging on your wall, you could have a perfectly beautiful NFT of it stored on your computer, and live in your clutter free house.
Most NFTs will be worthless. Most likely 99.8% of them. Just a fad. The fed and their money press printing trillions created this nft fad, now that reality is kicking in you will see how much people are willing to drop on NFTs. Just a trend and people paying what they thought would be a quick flip to the next NFT fool paying more for something that's not even worth anything than a dollar or 2.
NFTs as a technology/concept has some legit use cases. Like personal event tickets, concert tickets, etc. To be more easily sold or gifted between companies or people. Unique in-game items in computer/console games could be more efficiently traded between players using NFTs instead of trading items over-the-counter on Ebay and forums. This picture/art stuff I don't care about, view it as some silly hip thing high school kids do on the school yard.
Here, I made this gorgeous NFT of the last ball. Which idi... I mean lucky fellow would like to buy it from me for the low price of 10K bucks? It is GUARANTEED to be worth 10 times as much in a decade! Maybe even sooner, but you wouldn't even want to sell it because it is sport history you want to OWN!!!
It's funny how the OP talks about this football like it's worth a lot of money, when Tom Brady hasn't even quit yet. In fact he sold the football for over 500k right before joining back in. If that isn't a fraud then I don't know what is.
He Tom Brady did not sell it. Fan in the picture did. And fan had no idea Brady was going to unretire.