6 NFTs that prove that NFT ‘s are a Bubble/ Scam

Crypto Currencies, Non Fungible Token / By

In one of my previous blog posts which you can read here, I have talked in brief about Non Fungible Tokens, NFTs. I talked about the difference between fungibility and non-fungibility and compared crypto-currencies and NFTs from the perspective of fungibility and non-fungibility. Further, I emphasized the practical and real-world applications of NFTs which can be to represent ownership of something tangible. But recently there has been a huge rise in “digital arts” being sold as NFT for hundreds of thousands of dollars, and sometimes, even millions of dollars. In this blog post, I will cover 6 NFT’s that will prove that NFTs, in their current scam is either in a bubble or a scam.

Let’s start.

#1

I drew something like this on the wall as a kid and got beaten by my parents for doing so.

#2

No! The image is not loading, it really is just a blank image. Though $13,000 for an NFT might not look that exorbitant in the current state of things(NFTs), but what’s the harm if you’re getting it for nothing!

#3

Pass!

#4

I don’t even know of any real rock thats worth that price tag. But here we are!

#5

At least the anti-vaxxers won’t be opposing this vaccine.
Don’t believe me if this is real? Check it over here.

#6

Buy an NFT ring instead of a real ring and show your partner how reckless you really are with your money.
Don’t believe me if this is real? Check it over here.

These tweets are taken from the Crypto Whale’s Twitter account. He also happens to be “The Top Crypto Writer” on medium. I definitely recommend everyone in the Blockchain and Cryptocurrency space to follow him. I find his insights and ideas really amazing.

Disclaimer- This is not a paid/unpaid promotion of anything or anyone. Views are my own!

Check out my blog post on Why Bitcoin is not as great as you think, here