# Thoughts about NFTs **URL:** \ **Category:** Investing\ **Created:** [May 25, 2021, 10:23am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180 "2021-05-25T10:23:02Z")\ **Posts on this page:** 19\ **Page:** 1
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [May 25, 2021, 10:23am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/1 "2021-05-25T10:23:02Z")
NFTs (non-fungible tokens) are digital assets that represent a wide range of unique tangible and intangible items, from a piece of art, sports memorabilia, or even a tweet. They’ve been around since 2014, but are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital assets. Forbes reported that [£123M](https://www.forbes.com/uk/advisor/investing/nft-non-fungible-token/) has been spent on NFTs since November 2017. This weekend the “Charlie bit my finger” video clip was auctioned as an NFT and sold for a whopping $760,999 (£538,000). > **[Charlie Bit My Finger video to be taken off YouTube after selling for £500,000](https://www.bbc.co.uk/news/newsbeat-57227290)** > > The piece of internet history will now be taken off YouTube, after more than 880 million views. What are your thoughts about NFTs in general? Do you think they’re a temporary craze or an investment with long-term potential? ---
**Author:** ![TheMightySwordfish](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/themightyswordfish/32/1054_2.png) [@TheMightySwordfish](https://community.emma-app.com/u/TheMightySwordfish)\ **Post date:** [May 25, 2021, 2:49pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/3 "2021-05-25T14:49:14Z")
NFT’s are the new Dutch Tulips. It’s money for old rope and I can’t see it lasting. I’m pro crypto, but not here for NFT’s. ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [May 25, 2021, 3:25pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/4 "2021-05-25T15:25:08Z")
> [@jase](#): > > Although not trying to hide the items, everyone will just see the items already or listen to them and either make a copy or forget about it before they are purchased: Yeah I guess this is why the “charlie bit my finger” video is a bit different because they are taking it off Youtube? Whereas in other instances the asset has still been available to everyone? > [@TheMightySwordfish](#): > > NFT’s are the new Dutch Tulips What does this mean? 🙈 ---
**Author:** ![TheMightySwordfish](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/themightyswordfish/32/1054_2.png) [@TheMightySwordfish](https://community.emma-app.com/u/TheMightySwordfish)\ **Post date:** [May 25, 2021, 3:40pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/5 "2021-05-25T15:40:03Z")
> **[Tulip mania](https://en.m.wikipedia.org/wiki/Tulip_mania)** > > Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, and then dramatically collapsed in February 1637. It is generally considered to have been the first recorded speculative bubble or asset bubble in history. In many ways, the tulip mania was more of a hitherto unknown socio-economic phenomenon than a significant economic crisis. It had no critical i In ... 😏 ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [May 25, 2021, 4:07pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/6 "2021-05-25T16:07:01Z")
Ah you really do learn something new every day 😂 ---
**Author:** ![edoardomoreni](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/edoardomoreni/32/9_2.png) [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)\ **Post date:** [May 25, 2021, 4:34pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/7 "2021-05-25T16:34:07Z")
My sister is selling quite a lot on foundation and a few other marketplaces. I’d say it’s quite interesting, but not sure / understand the current mania. ---
**Author:** ![edouard](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/edouard/32/1626_2.png) [@edouard](https://community.emma-app.com/u/edouard)\ **Post date:** [May 25, 2021, 6:06pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/8 "2021-05-25T18:06:38Z")
I have a [mooncat](https://opensea.io/assets/0x7c40c393dc0f283f318791d746d894ddd3693572/7799) which looks pretty cute 😅🐈 ---
**Author:** ![danjameswalker](https://avatars.discourse-cdn.com/v4/letter/d/47e85d/32.png) [@danjameswalker](https://community.emma-app.com/u/danjameswalker)\ **Post date:** [May 25, 2021, 7:36pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/9 "2021-05-25T19:36:41Z")
I’m down with NFTs but I think they’re a bit in a bubble atm. The main issue I think is their potential to silently crash. For example: you buy an nft for £100 but can no longer sell it so it’s essentially worthless instantly I think NFTs will really come into their own in a more everyday way of tracking ownership ---
**Author:** ![Rags](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rags/32/1635_2.png) [@Rags](https://community.emma-app.com/u/Rags)\ **Post date:** [May 26, 2021, 7:16am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/10 "2021-05-26T07:16:49Z")
I find NFTs are a bit difficult since there is no intrinsic value - even if they’re taking the video off Youtube I’m sure that content will be in the public domain forever. I suppose there’s value in it for the one person who can say they have the “original” but then it has to be treated in much the same was as fine art! @danjameswalker I like the idea that they’ll be used to track ownership more generally, it’s a good use case. ---
**Author:** ![o99](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/o99/32/2132_2.png) [@o99](https://community.emma-app.com/u/o99)\ **Post date:** [May 26, 2021, 8:34am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/11 "2021-05-26T08:34:13Z")
I haven’t figured out how I feel about NFTs yet but seems a bit of a craze at the moment There was a Guardian podcast episode on NFTs recently, which is a useful primer > **[The reality behind NFTs – podcast](https://www.theguardian.com/science/audio/2021/may/18/the-reality-behind-nfts-podcast)** > > The Guardian’s technology correspondent, Alex Hern, talks to Shivani Dave about the pros and cons of non-fungible tokens ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [May 26, 2021, 10:29am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/12 "2021-05-26T10:29:11Z")
Cuute! What was your reason for buying it - just because you like it, or because you think it’s a good investment? ---
**Author:** ![edouard](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/edouard/32/1626_2.png) [@edouard](https://community.emma-app.com/u/edouard)\ **Post date:** [May 26, 2021, 11:20am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/13 "2021-05-26T11:20:30Z")
Just wanted to get some exposure to NFTs and found this one cool tbh. Mooncats is one of the earliest NFT projects on Ethereum so thought the price would go up due to increased demand for NFTs and the scarcity of these (only 10,000 unique ones I believe). So far it’s gone down in value a bit and it’s quite expensive to sell as the fees are high on Ethereum 😅 ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [May 28, 2021, 12:30pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/14 "2021-05-28T12:30:54Z")
Oops - hopefully it won’t be like this for long. Keep us updated 🙌 For anyone else still not sure about NFTs (what they are/ how they work) this article on the Binance Academy sums it up nicely 👇 > **[7 Things You Should Know About NFTs | Binance Academy](https://academy.binance.com/en/articles/7-things-you-should-know-about-nfts?ref=JLI1VBLA&utm_source=BinanceLinkedIn&utm_medium=GlobalSocial&utm_campaign=GlobalSocial)** > > There’s more to NFTs than just digital artwork. Let’s dive into use cases, collectibility, and misconceptions of some of the most famous non-fungible tokens. ---
**Author:** ![Aldot](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/aldot/32/151_2.png) [@Aldot](https://community.emma-app.com/u/Aldot)\ **Post date:** [May 29, 2021, 9:34am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/15 "2021-05-29T09:34:53Z")
Absolute trash. NFTs themselves have no value. If I sell an NFT artwork, all I have is a little token saying I own it. I can’t stop people from making copies of the artwork itself. I don’t have a physical object that I can put anywhere. And I haven’t had the copyright in the artwork assigned to me. Now, if you put in place something of actual value together with the NFT, such as access to an account, assignment of copyright, or whatever - then fair enough - but also, why is the NFT needed? Just use an Ethereum smart contract in that case. The explosive growth off NFTs is nothing but a hype machine, same goes for Altcoins like DogeCoin. It’s a pump and dump. You can’t make money out of thin air - someone somewhere is paying the price for it. In the case of NFTs and alt coins, it’s the people left holding the bag when the market crashes and people move on. ---
**Author:** ![frodicus](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/frodicus/32/1399_2.png) [@frodicus](https://community.emma-app.com/u/frodicus)\ **Post date:** [May 30, 2021, 11:46am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/16 "2021-05-30T11:46:26Z")
Agreed, I’m not sure what problem they solve over and above a unique way of selling something. A great bubble for creatives right now but environmentally horrible and fundamentally not required. ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [June 10, 2021, 4:19pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/17 "2021-06-10T16:19:03Z")
Liam Payne (from One Direction) has recently revealed he’s launching his own line of NFTs… > What other totally random NFTs have you come across lately? ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [June 11, 2021, 10:39am UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/19 "2021-06-11T10:39:04Z")
Yeah, I think it’s quite an interesting move from him! All his super fans will support him whatever he ends up producing haha I’m intrigued to know how much he’ll be selling them for… ---
**Author:** ![edoardomoreni](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/edoardomoreni/32/9_2.png) [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)\ **Post date:** [June 15, 2021, 6:26pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/20 "2021-06-15T18:26:46Z")
You might have seen it by now, but NFTs will be part of our investors rewards for the crowdfunding. 😉 ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [June 30, 2021, 2:11pm UTC](https://community.emma-app.com/t/thoughts-about-nfts/4180/21 "2021-06-30T14:11:02Z")
Over on Instagram today we’ve been talking about how classic internet memes have been selling for huge sums as NFTs Including Doge (sold for $4 Million), Charlie bit my finger ($760K), Overly attached girlfriend ($550K), and the more recent meme - 4 lads in jeans that only managed $1,100 Check them all out here ⬇⬇ > **[@emma\_finance](https://www.instagram.com/p/CQveSrjrNh6)**