Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m

Bruh...NFT's are digital ownership rights....

Lets say Nintendo made an online Pokémon open world game.

A wild Pikachu appears that you caught. It has maximum agility and attack at 100 points. The perfect ultra rare pickachu drop.

You can now sell it on the NFT market for real money using crypto. Why can you sell it? Because only you have that Pikachu (NFT) and nobody else. The moment you sell it somebody else is the ultra rare owner of that Pikachu that they can win tournaments with.

You earned some money on your Pikachu. Nintendo gets a percentage and the owner of the NFT market gets a percentage. All automated. No middleman. Everybody makes money.

This is the power of NFT gaming. Play to EARN. Gamestop is working on this market right now as we speak. This is the reason Microsoft bought Activision (call of duty NFT ) and Sony bought Bungie. (Destiny)

DESTINY got like 1000 random guns. Imagine being able to sell Them because each one is unique. Gamers/streamers would make money, bungie would make money. Sony would make money.

This is where we are heading with blockchain technology but mainstream media (especially cnbc) keeps people dumb with "NFT's are images" cause they dont want you to have digital ownership of anything.

You can even buy a digital game and resell it to another gamer. You get a cut of your money back while a percentage goes back to the developer and Publisher. Everybody wins.

This is NFT.

Internet 3.0 is coming yet people have no Idea the changes it will bring to their everyday lives.

BLOCKCHAIN IS A GAMECHANGER.

/r/nottheonion Thread Parent Link - theguardian.com