Unease over Bitcoin blockchain's use for NFTs

[Hanno Labuschagne]

Unease over Bitcoin blockchain use for NFTs

NFTs are coming to the Bitcoin blockchain, sparking a debate among those who say the digital representations add a much-needed fresh use case and the purists concerned about deviating too far from the origins of the peer-to-peer cryptocurrency network.

Nonfungible tokens such as the now infamous Bored Apes and CryptoPunks are one of the driving forces that made Ethereum the most commercially important blockchain, where users can mint and trade digital assets that have been worth millions of dollars.

[Bloomberg]

 

[L-Dog]

Pretty good video about Bitcoin NFTs

I think the barrier to entry is way to high at the moment coupled with admin and risk currently its not worth it for 99.9% of people. Once a proper marketplace and wallet launches there will be way more opportunity and return will still be ridiculous. Bitcoin maxis and whales might go hard so watch this space for the next 3-6 months and there might be some great opportunities.