Why NFTs Suck
Ok, I looked into it. Non-fungible tokens. Or NFTs for short. And I’m not impressed.
What is it about the internet and making a big fuss over the smallest things.
We already sell art, we already have museums, why would we need to sell pixels as well. On top of that, these “pixels” can be found on the internet for free.
I mean, people actually buy these things with money (or digital currency) for hundreds or even thousands of dollars.
For those who don’t know what NFTs are, they are basically images online that you can buy and sell.
People go to auction websites and purchase them with the intent to hold them until they increase in value or sell them later at a higher price. But here’s my problem.
It’s like buying a selling air, or nothing.
The problem is that these things don’t have any inherent value. The only value they have is the belief behind them. And that belief is fueled by, well, our imagination.
Not to take away from imagination, the importance of it for ideas and creativity. But an NFT doesn’t do anything for humanity, sorry not sorry.
It’s wasting a whole bunch of people’s time and energy (thinking about buying, making the purchase decision, staying in touch with the NFT blogs and the fluctuations, and then making selling) and there’s nothing that is gained from it other than more thoughts about money and digital currency.
Let me say this in another way, it’s like a whole bunch of people just decided to talk, thinking and build a business around absolutely nothing but money and imagination.
It’s like everything that was frowned upon in business (just thinking about money, or just relying on ideas) but packaged in a fancy bag full of pixels.
When I first saw the beginning of the NFT craze, it was because one of my old friends was in a conversation about it on Clubhouse. When I saw her there I instantly felt sick to my stomach — I knew something was wrong.
When I looked into it further everything I read just confirmed my belief.
This NFT following is more of what I can’t stand in this world: talking about nothing and fetishizing things (in this case art) for the sake of nothing but financial gain.
There really needs to be a line in the sand.