NFTs are these virtual things that only the highest bidder has access to right?

"a basquiat"

it's a drawing on paper. calm down.

Blockchain proof of work

The article was obviously meant to incite a reaction, where has the owner said that they are going to destroy it

Edit: looks like the auction hasn’t even finished so yeah that article is bullshit

NFTs are stupid as f***

Close enough

I mean theoretically someone who won an auction for the physical piece could destroy it as well

Seems quite unlikely to happen either way

It’s still a basquiat no?

Can someone explain to me how NFTs are destroying the environment?

NFTs are blockchain

What does bitcoin have to do with nfts?

nfts don’t run on the Bitcoin blockchain lol

I haven’t been following NFT at all. Why are you all mad about it?

Ethereum is another crypto currency. Don't feign ignorance.

please shut up you p****

Ya'll are sheep buying into mainstream media's narrative of blockchain technology being bad for the environment. The elites are investing into this s*** while slandering it at the same time to make sure they get their hands on it and not us

yes and no. yes in the sense that obviously it's artwork created by basquiat, but within the art world there's a very stark difference between something like this and something that would typically be referred to as 'a basquiat' and sell for millions at auction. you could go on ebay and buy basquiat drawings for a few hundred to a few thousand dollars if you cared to.

NFTs are lame and won’t make it pass 2030 doing anything substantial

You’re the only one feigning ignorance here, Ethereum has been in the transition to a proof of stake consensus algorithm for a while now lol

I know I'm a sound real stupid, but I thought electricity was the healthy/environment friendly power source, no?

Blockchain need big computer

Big computer = more waste

More NFT = more big computer

No cap.