I'm not an expert but I think this is kinda like a digital sports card

https://www.si.com/college/syracuse/recr...s-nil-deal

Can I install a NFT on my bike like I did in the early 70s?

(06-21-2022 11:41 AM)TexanMark Wrote:  I'm not an expert but I think this is kinda like a digital sports card

https://www.si.com/college/syracuse/recr...s-nil-deal

Can I install a NFT on my bike like I did in the early 70s?

Maybe Peloton can add sound effects.

I’m not sure if Syracuse is really the first here (or maybe they’re defining it differently), but I know offhand that Oregon’s NIL collective has been selling waves of different NFTs for several months. Granted, I think we may have seen the NFT boom pass already as they’re been getting pummeled in the marketplace along with crypto and other alternative investments (even by several magnitudes greater than the overall stock market).

Happy for anyone that makes money off this. But this is nonsense and won't last. If you believe it's the future, I've got a digital bridge in Brooklyn to sell you.

That said, seems safe for the players. I hope they secure all the bags.

(06-21-2022 11:41 AM)TexanMark Wrote:  I'm not an expert but I think this is kinda like a digital sports card

https://www.si.com/college/syracuse/recr...s-nil-deal

Can I install a NFT on my bike like I did in the early 70s?

I can't begin to tell you how much money I pissed away in the 50's putting Mickey Mantle rookie cards and countless other stars on my wheels. The price for being "cool" was pretty steep it turns out.

(06-22-2022 10:04 PM)Hootyhoo Wrote:  Happy for anyone that makes money off this. But this is nonsense and won't last. If you believe it's the future, I've got a digital bridge in Brooklyn to sell you.

That said, seems safe for the players. I hope they secure all the bags.

I think that there's a business case that NFTs tied to legitimate intellectual property could be viable. For example, if a musician sells NFTs tied to a song and that gives the NFT buyers a percentage of the profits to that song, then that potentially has real value. NFTs (in theory) could provide the opportunity to effectively sell and buy shares of individual pieces of IP in the same way that you could buy a share of a publicly-traded company in the stock market. As applied to athletes, there could be a similar concept where, say, selling an NFT of a specific Nike shoe line that an athlete endorses enables the NFT buyer to receive a share of the profits from the sales of that shoe line (or even getting a share of that athlete's future contract earnings overall). I'm not saying that NFTs will actually end up working this way, but the underlying technology conceivably has value.

The problem, of course, is that people see the headlines of NFTs of some random Tweet or YouTube clip being sold for millions of dollars and all of the speculators roll in like they did buying tulip bulbs or Beanie Babies.