Comments on: WTF Is an NFT? https://eliteedgemoney.com/wtf-is-an-nft/ Money | Minimalism | Mohawks Tue, 22 Jun 2021 18:18:30 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jesse Cramer https://eliteedgemoney.com/wtf-is-an-nft/#comment-329048 Tue, 22 Jun 2021 18:18:30 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-329048 In reply to Ryan @ WantFI.com.

Hey Ryan! Yeah, that would not surprise me at all.

I know some really smart people see potential here. But plenty of really smart people also think they’re complete B.S!!!

Only time will tell. Thanks for reading!

]]> By: Ryan @ WantFI.com https://eliteedgemoney.com/wtf-is-an-nft/#comment-325199 Fri, 14 May 2021 15:18:17 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-325199 NFT’s are the most bizarre concept for me. It seems like digital beanie babies where you can replicate endlessly but add a NFT “#536” to it.
Big money at stake for these too, but I think we are all going to look back at these 5 years from now and go “WTH were we thinking?”

]]> By: Success Triangles https://eliteedgemoney.com/wtf-is-an-nft/#comment-323953 Sat, 17 Apr 2021 23:57:08 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323953 It just seems like a scam to me all the way around!! LOL

]]> By: Dividend Powerq https://eliteedgemoney.com/wtf-is-an-nft/#comment-323828 Fri, 16 Apr 2021 13:26:51 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323828 Good article. I keep seeing NFT in the financial news and this is a good summary.

]]> By: Jesse Cramer https://eliteedgemoney.com/wtf-is-an-nft/#comment-323827 Fri, 16 Apr 2021 13:12:24 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323827 Hey G,

That’s basically correct.

OpenSea is a marketplace with sellers (like you) and buyers.

Your picture would need to be compelling enough such that a buyer would want to pay money to own it. Your transaction would occur on the Ethereum blockchain, i.e. you’d be paid in Ethereum cryptocurrency.

Hope that helps and thank you for reading!

Jesse

]]> By: G https://eliteedgemoney.com/wtf-is-an-nft/#comment-323562 Tue, 13 Apr 2021 17:42:34 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323562 So if I understood it correctly, I can snap a picture and upload it say OpenSea and start selling it as a NFT.
If it is correct, how do I sell it and get paid?
Thank you.
-G

]]> By: Joel https://eliteedgemoney.com/wtf-is-an-nft/#comment-323539 Tue, 13 Apr 2021 02:49:57 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323539 In reply to David @ Filled With Money.

Mars might have their own stock exchange by then?

]]> By: Joel https://eliteedgemoney.com/wtf-is-an-nft/#comment-323537 Tue, 13 Apr 2021 02:47:17 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323537 In reply to Julius.

I’m with you Julius! Even after all this research and whatnot, I still don’t understand how this is a solid investment. I’ll stick with what I know!

]]> By: David @ Filled With Money https://eliteedgemoney.com/wtf-is-an-nft/#comment-323535 Tue, 13 Apr 2021 02:03:01 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323535 It’s pretty amazing just how much things change so quickly. It’s not even about cryptocurrencies anymore, it’s about a derivative of cryptocurrencies. Can’t imagine what the future will look like in the next 5 – 10 years out, too.

]]> By: Jesse Cramer https://eliteedgemoney.com/wtf-is-an-nft/#comment-323533 Tue, 13 Apr 2021 00:49:27 +0000 https://staging.eliteedgemoney.com/?p=63811#comment-323533 In reply to Accidentally Retired.

I hear ya, AR! Give me a year, and *maybe* I’ll start to see the light enough to consider purchasing an NFT. But right now? I can’t convince myself it’s even close to a true investment.

Good to see you here :)

-Jesse

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