Most of us live in the physical world until we crossed the virtual to really understand, that some of us already are living in the virtual world every day, through the smartphones we all have in our pockets.
It’s easy to see why everyone thinks that an NFT is just a JPEG, I can just copy I now have the $43 million digital piece of artwork or do I.
It’s only once we start to get into the weeds we truly start to understand the underlying technology the 14 lines of code / ERC-721 common standard Smart Contract, but let’s not get too techie.
It’s clear that the hype explosion on NFTs has really hit the mainstream and because we’ve seen such a big number of people buying outrageous cash for them it makes people think is this just a scam it’s a bubble when’s it going to burst.
Like everything there’s always the fear of missing out on a big rush of new tech let’s get in first otherwise we will miss it, and yes, in my opinion, this was exactly the case.
We are seeing a cool off from the big numbers in the NFT space, based on the stats from OpenSea it’s slowly fallen. And some of us will pick up what we feel may be profitable in the future there will be others that will lose, be unprofitable or simply worthless, I say in such a new space buy beware, just like in the crypto space today.
The big space of NFTs in the token virtual world is moving fast for a lot of us, but for the kids today it’s their world that they live in every day the gaming industry has been part of this movement of web3 tokenization and NFTs have always been there it’s now just come to the surface.