Keanu laughing at the concept of NFTs

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  • erc721

    The reference implementation of the ERC-721 non-fungible token standard.

  • The problem with "buy the NFT to a song" is just that its inherently meaningless, it exists as a transaction of a few bytes on Ethereum on some random smart contract. Digital assets are nothing new, in Eve Online or World of Warcraft items like unique swords or colossal starships are traded for real money. But there is some tangibility to it that gives them that value, there is no such equivalent with NFTs. Its like trading invisible things that serve no other function than trading in and of itself. They don't exist outside of the belief that they do, (a belief structure in the shape of a pyramid I might add).

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