No bids on Chevy’s first NFT, even though it came with a free Corvette Z06

NFTs are for proof of ownership. He thinks digital proof of ownership will be issued for cars, houses, diplomas, etc.  At its core NFTs is basically a webpage and the technology is basically a blank slate.  It’s extremely speculative right now. A lot will go to zero. The market is irrational.  Not a pyramid, it’s just people buying i... See more

At the high end, digital art sold for millions doesn’t really need an NFT, just as Bowie didn’t need crypto to securitize his royalties in 1997. Christie’s could have just as easily sold an embossed paper certificate, and entered the buyer’s name in a leather bound book securely held at Christie’s headquarters. But that sort of infrastructure isn’t... See more

An NFT has zero utility. It’s simply an entry in the blockchain that shows ownership of something that anyone could see for free.