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Does anyone actually make money from stuff like this?(nftandgamefi.com)

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Shere_Khan@lemmy.dbzer0.com
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asklemmy@lemmy.ml
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This has to be a scam of some sort, but i don’t even see how the people at the top are making money.

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TehWorld@lemmy.world
20 points

This one is actually pretty straightforward. The middleman here charges interest and hopes the borrowers default so they can sell the assets at a profit.

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Shere_Khan@lemmy.dbzer0.comOP
5 points

But how is a repo’d nft worth anything?

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DontTakeMySky@lemmy.world
3 points

Pro ably not worth millions or anything, but I’m sure some schmuck would buy for $10 a pop at least.

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LufyCZ@lemmy.world
2 points

How is a sealed comic from 1967 worth anything?

Same thing, because someone will pay for it.

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SomeoneSomewhere@lemmy.nz
1 point

Presumably it’s worth the same as it would be if you simply sold it.

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