Discussion 1

While reading the article I could only think of one thing, NFT's. If you don't know about NFT's the gif of the balloon animal is what they would call an NFT or a non fungebale token, which artists are now using to make digitalized art unique. I remember a couple of months ago trying to explain to my friend, who had a question about this subject, what an NFT is. That conversation ended up taking 3 hours because one single question kept coming up, why are they so expensive if they aren't even real objects. Niether of us could come to terms with the question and we ended up agreeing that there is no intrinisc value to these things, but it is exactly like art in the sense that a certain painting can be worth millions of dollars. As puzzling as this new area of the IOT is it amazes me how fast NFT's are growing and how artists are realizing they can make good money from this. Nft's are taking over and have even made it into the sports scene where they are releasing special edition sport player cards that are digitial. These "cards" get dropped about every week and then immediately go on resale for 10x the price. It makes you think, there's definitely money to be made, but who's going to be left holding the bag when all the hype dies down and NFT's aren't a thing anymore. It seems like people today just have way too much money to spend so they buy anything, but how good of investment can a digital card of Tom Brady or Simon Biles be worth in 10 years?