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Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment(arstechnica.com)

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merridew@feddit.uk
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blargerer@kbin.social
-13 points

NFTs do have value in narrow use cases. For instance Domain names are NFTs and incredibly important to the way humans interact with the internet.

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Square Singer@feddit.de
23 points

Except they aren’t because they are just managed by a bunch of central agencies.

Not everything that’s digital and where the rights to it can be sold is an NFT.

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asret@lemmy.zip
9 points

Except that they’re not. NFTs take something that exists - like domain names - and injects unnecessary Blockchain bs. What added value does a Blockchain bring?

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emax_gomax@lemmy.world
9 points

Lmao, have you ever a bought a domain name. Its not an NFT, lmao you don’t even own one permanently after buying u. You basically license one from a registrar and that expires after a set interval. There’s no NFTs involved.

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blargerer@kbin.social
-3 points

You’re the third person to say the same thing. NFTs conceptually predate the existence of the blockchain and don’t need to be on it. Wikipedia or w/e you got your definition that says otherwise are simply wrong. And yes, I own several different domain names.

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natanael@lemmy.ml
3 points

Not sure you know what the token part of NFT means. Usually it’s the non fungible part, so congrats on being uniquely wrong.

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s_s@lemmy.one
1 point

At some point in time you’ll just have to unravel your word salad and realize that all things associated with this space are incredulous.

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