Comments by "Kevin Street" (@Kevin_Street) on "WTF Is an NFT? (And Should You "Invest" in One?)" video.

Thanks for this great video! You do an excellent job explaining what NFTs are and why people are currently buying them. Like you said it's not just about scarcity, there also has to be demand. And demand for collectibles is a fickle thing, particularly in a space like NFTs where the sheer number of different collectibles can increase without limit. It's very much a fad at the moment, and when the mania dies down most of the NFTs will end up being worthless. But there are some legitimate NFTs that might survive. I recently heard about a comic book artist who makes NFTs of his art. In the comic book industry publishers pay artists by the page, so it's hard for them to earn a steady income. But traditionally artists have had the opportunity to supplement their income by selling the actual paper artwork they produce to collectors, after it's been used to publish the comic. Unfortunately artists who work entirely digitally have never had this option, until now. For them NFTs represent an opportunity to regain that lost income stream. I think that's the kind of NFT that will retain some value after the current fad ends, because it's a close copy of an existing paper collectible. There's already a proven demand for the artwork.
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