Altcoins News

Story: Vitalik Buterin Ethereum (ETH) on Why the heck NFTs have value?

By James Thorp

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Lex Fridman discussing one of the exciting aspects of Ethereum, it is non-technical, it is societal and social which is NFTs.

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Especially in the art world and beyond.  And, what does the future look like.  So, this may be the social impact on the world on the individual creators of all kinds -…

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I was definitely surprised by NFTs in particular.  I even actually think might be on record somewhere in some tech conference panel they are asking.

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No, I think I just personally can’t really to this concept like spending a lot of money on a thing like there is no clear kind of understanding as to why that thing would…

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Right, I definitely cannot really understand the psychology behind paying $2000 for a digital art painting and be like.

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We can have the photocopies of the Monalisa. Why are we going to have the Monalisa? We can have something else?

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That is one thing where Mathematics or computer science cannot formulate why the heck NFTs have value?

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But the thing that has made me very happy about the space and it has happened is that I am interested in this concept of decentralized public earth spotting.

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Both of those things are very nice. So, the nice thing about NFTs would be if you are an artist and you just mint NFTs and this is the source of revenue – great – that is another…

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