[Football] Get your non-fungible tokens (NFTs) here? WTF!

[METALMICKY]

Premier League lines up £30m-a-year digital tokens deal with Sorare

An agreement between the Premier League and Sorare, a Paris-based start-up, will be discussed at a meeting of club executives on Friday, Sky News learns.

news.sky.com

What on earth is this all about? Took a couple of reads before I concluded that it sounds a bit like digital trading cards.

 

[B-right-on]

Crypto currency.

EPL jumping on the bandwagon to fleece punters of even more money.

 

[Icy Gull]

Still, not a clue

Alfa Romeo’s new SUV comes with an NFT for some reason

Whose emissions are higher, the car’s or the NFT’s?

www.theverge.com

 

[GT49er]

Still, not a clue

Alfa Romeo’s new SUV comes with an NFT for some reason

Whose emissions are higher, the car’s or the NFT’s?

www.theverge.com

I haven't a clue either...................






........... but I'm 100% aginst it!

 

[studio150]

Stand by for a deluge of marketing material promoting these, should the deal be signed.

Personally I won't be going anywhere near them, as I don't see them as a safe investment, or anything that I want to collect.

 

[Badger]

It's a way of giving value to things which are completely worthless. Usually digital content like images. Even though other people can quite easily copy them.

It's a bullshit way of fleecing money out of people, and I hate that it's becoming mainstream.

 

[Springal]

Crypto currency.

EPL jumping on the bandwagon to fleece punters of even more money.

NFTs isn’t crypto currency’s.

Can see a lot of good use cases for NFTs in the future really, a lot of banks etc are investing heavily in trials to look at how they can adopt it given the efficiencies

 

[beorhthelm]

Stand by for a deluge of marketing material promoting these, should the deal be signed.

Personally I won't be going anywhere near them, as I don't see them as a safe investment, or anything that I want to collect.

not for you then. some over thinking of this, as OP worked out this is simply a digital trading card, online Panini albums. kids will love it, swap them on their phones.

 

[borat]

NFTs isn’t crypto currency’s.

Can see a lot of good use cases for NFTs in the future really, a lot of banks etc are investing heavily in trials to look at how they can adopt it given the efficiencies

They are not a currency as such but utilise blockchain technology as do cryptos. They are part of the same ecosystem. Most NFTs are traded using Ethereum.

Sothebys have sold NFTs priced in Ethereum.

 

[wuntbedruv]

It's a way of giving value to things which are completely worthless. Usually digital content like images. Even though other people can quite easily copy them.

It's a bullshit way of fleecing money out of people, and I hate that it's becoming mainstream.

Sounds like paper money and coins to me, they have no intrinsic value and are used to fleece people every day.

This sounds more like purchased add ons in games, another way of fleecing money from our kids.

 

[Springal]

Sounds like paper money and coins to me, they have no intrinsic value and are used to fleece people every day.

This sounds more like purchased add ons in games, another way of fleecing money from our kids.

Not at all. The technology has a place for plenty of use cases - having just tried to sell some shares in a private equity, having to send around bits of paper etc to do so - NFTs could have solved that.

Likewise Brighton season tickets and seat transfers etc - perfect for NFT rather than the current shonky system

 

[Herr Tubthumper]

They are not a currency as such but utilise blockchain technology as do cryptos. They are part of the same ecosystem. Most NFTs are traded using Ethereum.

Sothebys have sold NFTs priced in Ethereum.

Sothebys is the only part of this sentence I understand.

 

[wuntbedruv]

Not at all. The technology has a place for plenty of use cases - having just tried to sell some shares in a private equity, having to send around bits of paper etc to do so - NFTs could have solved that.

Likewise Brighton season tickets and seat transfers etc - perfect for NFT rather than the current shonky system

This is the point I was trying to make, the analogy of paper money being intrinsically the same as NFTs with no " real" worth and content delivered through NFT being similar to an in app purchase or ticket download.

 

[Marshy]

They are not a currency as such but utilise blockchain technology as do cryptos. They are part of the same ecosystem. Most NFTs are traded using Ethereum.

Sothebys have sold NFTs priced in Ethereum.

Not for long, Eth is going to get eaten up as its fees are ridiculous.

XRPL, and others etc you can use for fractions of the cost

As a side note NFTS are not really going to be about images etc... it will be land registry, insurance all sorts of stuff. Images and music etc will just be a way of getting people involved.

 

[PILTDOWN MAN]

Can someone who knows wtf this is all this about explain in simple terms. It appears far more complex than the average woman's brain.

 

[Worried Man Blues]

Read all about them in the Dogma BHA fanzine about two months ago. Didn't get it then and would have forgotten about it by now even if I had understood it, but maybe I did then but now .....................

 

[RandyWanger]

Can someone who knows wtf this is all this about explain in simple terms. It appears far more complex than the average woman's brain.

It's like hot potato, whoever is left holding, loses (their money)

There is a way to make NFTs so much more, but people are too focused on the cash grab aspect currently. Web3 will be the future and NFTs will have a huge role to play but this is nothing more than a gimmick.

 

[Marshy]

It's like hot potato, whoever is left holding, loses (their money)

There is a way to make NFTs so much more, but people are too focused on the cash grab aspect currently. Web3 will be the future and NFTs will have a huge role to play but this is nothing more than a gimmick.

I tend to agree with this, NFTS will be massive, but at the moment its largely gimmicky imo, the real use case is a bit further down the line.

 

[Seaview Seagull]

As far as I recall when NFTs were first introduced to football Brighton was one of the clubs which said they won't use them. As I recall most NFTs have actually lost value over time so far. At the moment they seem to be another form of gambling with very poor outcomes.

 

[beorhthelm]

As far as I recall when NFTs were first introduced to football Brighton was one of the clubs which said they won't use them. As I recall most NFTs have actually lost value over time so far. At the moment they seem to be another form of gambling with very poor outcomes.

like saying they wont use bluetooth. its just a technoloogy, when something helpful using NFT presents itself, they'll use it.