>>713521739
In theory, their idea was that they could attach a code to every single item that a player owned so that the item itself was "unique". Say you got a specific gun, then you could customize its ammo, its decals, its color, etc. It would be wholly unique. Then, say, the company releases a new game. You could use the same gun in the new game without having to buy it or something, or you could sell it to another player if you wanted. It's a cool idea in theory.
In practice, techbros saw how easy it was to make NFTs that were literally just jpeg images and attempt to sell them in an artificially limited economy, which incentivised people to pay retarded prices for something there was only a limited amount of. Literally just jpeg images. This was before AI was what it is today, so most of the NFT pictures were shitty MS paint drawings or pixel art.
It was never actually about owning anything, it was kind of like scalping. Amass as many of these things as you can in the limited economy so that they become more valuable and attempt to sell them for millions. No crypto shit will ever be as successful as bitcoin, and yet these retards keep trying to make new ones all the time hoping it will be a get rich quick scheme. The hawk tuah girl literally did this and she was crucified for it.
It was a good idea in theory but it was far too easy to exploit, and all this shit just made it look like a huge joke so almost everybody dropped it unanimously.
