NFTulips
I wrote the title for this post as a joke… then I tried to look up the domain.
Sure enough, someone already grabbed it (enough people thinking about the same thing will usually generate matching ideas). With every second newsletter talking about NFTs and jokes about NFTs making the late night circuit, it’s only a matter of time before we have an explosion of interest.
To me, that popularity usually means putting a three year pause on looking at using the technology. People who are upset at “missing out” at the recent increase in Bitcoin’s value related to the dollar are looking for the next tidal wave and NFTs seem like an easy grab. But they’re probably not.
The concept of NFT as a decentralized record of ownership is great. As a digital collectible whose value will rise thousands of times over in a few months? Meh.
