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Probably the best explanation of NFTs that I’ve seen,

Some artist grabs a bunch of paint and a piece of paper and makes a pretty painting. Rich Dude says “I’d like to buy your painting for eleven jillion dollars (for art appreciation and [also tax purposes.](https://en.wikipedia.org/wiki/Money_laundering))” Artist dude says “nice” and rich guy says “nice” and it’s all really nice.

But paint costs like five bucks a tube. Shit’s expensive yo.

So some other other artist grabs a wacom tablet pen and photoshop and makes a pretty painting. Says to the Rich Dude “hey rich dude, you wanna to buy *my* painting for eleven jillion dollars? For art appreciation and [also tax purposes?](https://en.wikipedia.org/wiki/Money_laundering)?” Rich dude says “Sorry man I don’t see how I can own this .jpeg”

Digital artist feels fucked. So the artist goes and talks to the bitcoin boys. The bitcoin boys are like “yeah we can make your jpeg have sex with a bitcoin so then it’s a thing that rich dudes can buy and sell for a jillion dollars.” Bitcoin boys wave their magic blockchain wands on the jpeg and now it’s the only jpeg like that in the world and the Rich Dude buys it.

Digital artist dude says “nice” and rich guy says “nice” and it’s all really nice (except for the guy that sells paint he’s screwed but fuck that guy.)



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What do you think?

The tables have turned: Ethereum back to ATH while Bitcoin stagnates

The tables have turned: Ethereum back to ATH while Bitcoin stagnates

Everything is possible if you want.