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Post on Medial

PRATHAM
•

Apple • 8m

What's Your Thought About NFT ( Non Fungible Token ) ? 🤔 It's based on Blockchain technology which maybe a unique token or digital art that is traded. The Token justifies your ownership on the art or token. People say it's future. But I think it's shit and worthless and has literally no use. Btw many crazy stuff can be done through Blockchain but people aren't working on it coz it new and have risk of government banning it. I maybe wrong about this but yea let's discuss about it.

25 replies13 likes

Replies (25)

Chandan Choudhary

Stealth • 8m

Govt will Stay in Grey area Be a if they will ban this than they will be left behind in tech as other countries will use it and innovate themselves and after a point India and whichever countries banned it they will get far behind. But, on other hand if they will promote or support it then the power they have by centralisation they will end up losing that which is again something they won’t let happen because only thing govt have is power whicH they get through centralisation and blockchain is decentralised so everyone will know everything and than they won’t be able to make things according to them So they’re neither supporting it fully and nor opposing .

2 replies

Abhinav Amarapuram

Stealth • 8m

Absolutely, it will be regulated once we get the awareness.

0 replies2 likes

Adhik Agarwal

Stealth • 8m

Nft is the best way to transfer your black money to somebody else, think of rich persons why do they bought paintings and other stuff, it's the same way but it is too be in the digital form.

1 replies3 likes

Havish Gupta

Stealth • 8m

I agree with you. These don't make sense. Crypto is atleast something that can be used (for payments), there is literally no use of NFTs.

2 replies3 likes

Anonymous 2

Stealth • 8m

I think NFT has a very high security factor which is Just tremendous. Yk this can have many usecases actually, from having a virtual, key to your hotel room, unique and collectible to general ones depending onthe hotel chain. And how expensive one room is there. Similarly many things like house deeds and stuff can be stored as a NFT.

1 replies2 likes

Anonymous 1

Stealth • 8m

I bought the snoop dogg collection it never appreciated -_-

1 replies1 like

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