https://blog.cfelde.com/tags/nft/Recent content in NFT on Blog of Christian FeldeHugoen-USThu, 26 Aug 2021 09:20:44 +0000https://blog.cfelde.com/2021/08/its-not-about-the-rock/Thu, 26 Aug 2021 09:20:44 +0000https://blog.cfelde.com/2021/08/its-not-about-the-rock/<p>A few days ago someone allegedly <a href="https://www.cnbc.com/2021/08/23/people-are-paying-millions-of-dollars-for-digital-pictures-of-rocks.html">paid $1.3 million for a rock</a>. It’s not even a real rock, or a picture of a real rock. And the underlying rock contract doesn’t even follow <a href="https://stablecoin.fyi/fungible-and-non-fungible-tokens/">the NFT standard</a>, as that was established in 2018, after this contract was deployed.</p> <p>But it’s not about the rock, and we’re now in some crazy bubble with lots of internal transactions to make it look like someone paid this much for something. If I’ve got $1.3 millions worth of ETH, and I sell this rock to myself, you know..</p>