Namewee sells NFTs, instant US$900K in 1 Day!, *Flirting with 1M NOW. Absolute MADNESS!
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 Nov 7 2021, 06:19 PM
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#1
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Junior Member
155 posts Joined: Nov 2015 
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I really dont understand this trend? Is this like direct purchase from artist? No need pay the hosting platform? What is this NFT? |
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Nov 7 2021, 06:53 PM
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#2
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Junior Member
155 posts Joined: Nov 2015
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QUOTE(ChaoGuGu @ Nov 7 2021, 06:23 PM) U become the owner of the songs however each song he separated into 100 pieces which means u are sharing the ownership KEK. Oh well. Maybe people thinks it doesn't matter since each of the NFT has its own serial code So what is the benefit of owner? Any different from buying music from spotify? haha  |
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Nov 7 2021, 07:04 PM
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#3
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Junior Member
155 posts Joined: Nov 2015
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QUOTE(Spectreoutreach @ Nov 7 2021, 06:56 PM) But, who will buy your NFT after it increases value so much? I mean is this like art collecting? Price depends on the artists famous or not or items rare or not? So this is like digital art collecting lah? But who decides the value over time? This post has been edited by StephMujan: Nov 7 2021, 07:04 PM |
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Nov 7 2021, 07:08 PM
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#4
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Junior Member
155 posts Joined: Nov 2015
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QUOTE(rooney723 @ Nov 7 2021, 07:06 PM) the market will decide But how? How market decide? Market is not one person kan? What official procedure to price the arts? |
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Nov 7 2021, 07:16 PM
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#5
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Junior Member
155 posts Joined: Nov 2015
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QUOTE(rooney723 @ Nov 7 2021, 07:13 PM) depend on buyer la, if got buyer willing to pay 1m for ur NFT, then its worth 1m la, thats why do due diligence before buying any NFT, but even if the NFT is a good NFT (famous art by a famous artist), it will not be cheap also, those rich ppl will sapu all of them Real art got auction to give art the price, how NFT do it? Digital auction ka? |
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