1/ We’ve all heard the NFT elevator pitch.
-infinite royalties for artists
-ownership for communities
-24/7 marketplaces
-token-gated unlocks
That’s all well and good, but what NFTs do next is going to 🤯 your mind. 🧵
Sorry to be a hater but as someone who has run a business around collectibles (vinyl records) and worked for independent artists...
...NFTs are just shadow money, generated by artists, passed onto consumers.