"This means that when someone buys an NFT, they’re not buying the actual digital artwork; they’re buying a link to it. And worse, they’re buying a link that, in many cases, lives on the website of a new start-up that’s likely to fail within a few years."
This will be a huge problem at some point in the future. This screams literally "Bubble" to me, because it all depends on so many different factors and companies.
I'm genuinely happy for artists, because NFTs are a great oppurtunity as a side-hustle, since Corona f*cks them up even more
But the NFT space has not exploded yet
Paris Hilton joined, by recommendations from KimDotCom
Jake Paul joined NFTs
Snoop Dogg joins NFTs
Kings of Leon brought an Album as NFTs and also sold out Premium-Backstage-FrontRow-Tickets for one City during a Tour and it will be granted for a lifetime.
Imagine that NFT at an auction, when this NFT is sold out
And Fashion & Lifestyle NFTs are also on the way, from Nike (They patented "Cryptokicks") and even Breitling recently showed off their newest Digital-Twin NFT feature for their watches.
So we're still right at the beginning of this and can be considered called "First Movers"