Coindesk.com | Feb 1, 2021 | Updated Mar 22, 2021
What Are NFTs and How Do They Work?
https://www.coindesk.com/what-are-nfts
Quote:
Why do they have value?
Like all assets, supply and demand are the key market drivers for price. Due to the scarce nature of NFTs and the high demand for them from gamers, collectors and investors, people are often prepared to pay a lot of money for them.
Some NFTs also have the potential to make their owners a lot of money. For instance, one gamer on the Decentraland virtual land platform decided to purchase 64 lots and combine them into a single estate. Dubbed “The Secrets of Satoshis Tea Garden,” it sold for $80,000 purely because of its desirable location and road access. Another investor parted with $222,000 to purchase a segment of a digital Monaco racing track in the F1 Delta Time game. The NFT representing the piece of digital track allows the owner to receive 5% dividends from all races that take place on it, including entry ticket fees.
|
Imo, that's some crazy shit.
Paying $222,000 for a section of digital racetrack in a game.
And collecting royalties every time the game is played.
It's like buying a toll booth on an actual road.
Except in this case the road isn't
real.
F1 Delta Time Game:
https://www.jbb.one/en/gamedetails/354.html
But I'm guessing the money is.
-jp
.
