[Zack Attack]

“I will be honest and say I have NO idea how NFT’s work”

Sounds like it is basically just another gimmick. Consider that there is only 1 original of a famous painting but millions of copies/reprints. That authenticated original commands a premium.

With paintings, you have a physical object, making it easier to identify authenticity. With digital it is not so easy.

Consider Twitter’s @Jerk is currently auctioning off his first twitt as an NFT. Clearly pixels can’t be authenticated so they do so by assigning the item to a blockchain giving it a unique identifier.

https://www.cnbc.com/2021/03/09/jack-dorseys-first-tweet-on-track-to-sell-for-2point5-million-and-hell-donate-the-money.html

My first twitt has still not taken place and likely never will.

[a fool in paradise]

My recommendation to people buying NFTs, just buy some art (or music) and then use your own money to buy the cryptocurrency that same day. If the currency goes up, bravo. And if the art goes up, bravo. but it isn’t tied to some FOMO pyramid scheme to sell coins that don’t profit the artist (except in a miniscule way where they can get 10% to them of the aftermarket sales price(s)).

[catnipman]

“My first twitt has still not taken place and likely never will”

well, that certainly makes it EXTREMELY rare!