I guess the part I really don't get is how people are speculating on them? The buzz around NFTs reminds me of how gold was being hocked before it shot up in price. But like you said, NFTs are unique. It's not like you go to an exchange and buy an "NFT" like you would eth or whatever.
I am somewhat familiar with NFT trading as far as like their value as a collectible from certain games and whatnot, but I am really confused because they are being discussed like a general commodity? My mental picture of it is like baseball cards, but the card's value is based on the popularity of the player..so in that sense, it kind of seems like if Apple or whoever creates an NFT, I should just grab as many as I can...For short term gains, not as a way to store value.
Or am I just totally off base and simultaneously showing my age?
Ah I understand and yes it's dumb and confusing.
So there is a SPECULATIVE market around nfts where an nft producing company will also make a fungible token representing the value of the nfts. So basically stocks in a work of arts value if that makes sense? But even worse because it's not? It's very confusing and dumb.
Basically if you can buy less than a whole one it's not an nft.
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