This 12-year-old coder helped develop an NFT collection that made over $5 million in 3 weeks

If only I could code like if only I could speak English. NFTs price is subjective which is good because you cannot put a price tag on Art. The further price is just like Cryptos that is dependent on the demand etc.

Digital art is subject to piracy. NFT is also a proof of ownership.

For investment however you can't just collect any NFT without details of the art work.

yes ,nothing should

BrandNewGuy said:

The product is worthless even if idiots overpay for it

Click to expand...

Why would they overpay for something worthless?

Damn I need to get into the NFT business ASAP to scam provide quality artwork to idiots art connoisseurs.

Great business. My 14 year old brother is doing this too.

This is wild...
I'm trying to wrap my head around what this even is...


I saw a guy's music channel on OpenSea, which had apparently traded over $356k worth of ETH, and all the songs were terrible, crummy quality...
I really don't get it... Who is paying for this stuff, and why?
This is weird...

EDIT:
My gosh... I get it, now...
It's a crypto-based stock market for digital products.
At-least that's what it seems like...
It's like you invest into an individual creation, instead of the whole company, but the company still benefits.
Creative oriented investment... the diversification potential is impressive.
This might be genius.

"Long before cryptocurrency speculators got involved, art prices were capricious—as the British artist Banksy no doubt understands.
Recently, the work “Game Changer,” which he delivered unsolicited to an English hospital last year, earned it $23.2 million at auction—about $20 million more than experts had predicted.
Banksy has famously mocked high-priced sales: In 2006’s “Morons,” he portrays an auction house selling a work that reads 'i can’t believe you morons actually buy this shit'.
Last month a company called Injective Protocol took the spirit of “Morons” to a new extreme: After purchasing one of 500 prints of that work for just under $100,000, the company scanned the print and then destroyed it.
A copy of the resulting digital file was then placed on IPFS—a distributed data-storage network whose initials stand for interplanetary file system—for anyone to see.
A “non-fungible token,” or NFT, that points to the work was exchanged for almost 230 units of a cryptocurrency called Ether, about $400,000.
All things considered, the purchaser of that token might have been in on the joke rather than the butt of it: Some NFTs are selling for tens of millions of dollars."

OK I see some folks still don't get NFT

Lemme give you an idea of the potential

NFT is like a crypto coin, except the value embedded is not a coin. It's something. A thing.

Say for example you write a contract saying "whoever owns this NFT owns my car"

Then you mint the NFT with that contract. It's now a permanent thing, just like a Bitcoin, that lives on the blockchain.

So you place that thing for sale on a decentralized place where blockchain THINGS (NFT) get traded.

Another user, anywhere, no name, completely unknown uses their private key to pay for the NFT. So now the blockchain knows that the NFT belongs to the new user's private key.

You've just sold a car using a blockchain.

This can be done for anything.

NFT is not just about stuff made in MS PAINT. It's revolutionary. You can put anything on the blockchain. Anything.

I want to know about the parents of the kid. They must be influential.