- For legal reasons, this is not financial advice; this article is just satire at the expense of the new super crypto bros.
An NFT.
More NFTs.
An NFT on the news.
NFTs on display at Fancy Schmancy.
A non-fungible token, more commonly referred to as an NFT, or non-functional testicles is a cryptocurrency which generally consists of an image of a monkey or something, stored on "the blockchain" and made by robots, that for some reason people are willing to purchase despite its lack of value. Some have compared them to Andy Worhol's paintings of tomato soup, but at least then you actually had a painting and not just a license, if one at all.
Those who collect NFTs treat them like they're magic, assuming that they're valuable because unlike all of the other arts invented before, NFTs cannot be counterfeited because they're made of crypto. Though that's just rubbish, considering that you just simply screenshot it; they are just crudely drawn pictures of monkeys after all.
How?[]
When an artist decides they want to make money, they draw a bunch of crap that looks like crap and then asks a coder to make a script that combines parts of their art into billions of new pictures. These pictures are then fed into the Internet and into Crypto, and are now NFTs (and thus worth trillions of moneys).
Why?[]
Because Capitalism, ho! People want to feel like they own something, and capitalists want to make money off of these worthless new tulips. Either that or the capitalists know something we don't, which is impossible because owners of NFTs always sell them to themselves to drive up prices and therefore make their own JPEGs more valuable.
Trivia[]
- NFTs are for losers like Jack Thompson.
- Wario has made billions of UnDollars stealing NFTs, duplicating and reselling them.
- Poor old Doge and Nyan Cat were sold as NFTs at one point.
- The League of Extraordinary Capitalists have banned NFTs within their own circles.
- NFTs erstwhile had went under the pseudonym of 'nifty'. Usages of the term are roughly extinct in modern days.
- NFTs are on display at Fancy Schmancy.
