The term “stupid” is subjective and can be used in different context. However, there are some reasons why some people may view NFTs as “stupid”
One reason is that some people may view the high prices being paid for NFTs as irrational or a sign of a speculative bubble. They may see the buying and selling of NFTs as a form of gambling rather than a legitimate form of investment.
Another reason is that NFTs are digital assets, they don’t have a physical presence, which means they can’t be touched or held. Some people may view this as lacking value compared to physical art or collectibles, which can be appreciated on a tactile level.
Additionally, NFTs are not widely understood by the general public, and many people may view them as a complex and confusing concept.
Another reason is that some people may view NFTs as a form of exploitation of artists, as some platforms charge high commissions on the sales of NFTs, which can negatively impact the revenue of the artists.
It is important to note that these views are not universally accepted and that NFTs have their own set of benefits and use cases, such as provenance and ownership for digital art and collectibles, but it’s important to consider the different perspectives on the topic.
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