How to explain NFT to dummies and not hurt the market itself. - Important

I think NFT is for real. But unlike what the wannabe crypto enthusiasts want-it-to-be.

Just like how crypto is, some have value and some just exist because they took advantage of the already successful product. BTC inspire the creation of a lot of shit coins. The existence and success of BTC inspired doge and others. Not necessarily a bad thing since ETH among others really did make something out of the technology. But the shit coins? The pump and dump game? To put it simple, its not fair to put all the blame on crypto in general when not all of them are bad.

Now when it comes to NFT, treat it as a collectible items. But not the item itself, but the "mutual agreement" for now it belongs to who, sold by who, and the history record of the people who owned them. Why is this valuable? To put it simple, bragging rights.

"I own this shit, and this (NFT) proves it."

The NFT value then differs according to which item you own, proven by the history, connecting the dots straight to the origin which might directly be someone who have enough reputation to make what they minted to be valuable in the first place.

One may say "but who cares? I can simply copy paste the so-called-art/ticket/gif/3d/ and its mine now"... very true indeed. But you get the art, not the NFT. Which means that particular item which you copy pasted is definitely yours. But the one minted, now registered and have their own NFT, belongs to the proper owner. To put it simple, if the owner sell them, it have values. Your copy paste images, not as much. Even if you mint them after, the record will not direct it to the first original creator which mean its a fake.

So now let us talk about the misconceptions. Just like how most shitheads get into crypto, "invested" their money in and expect to buy lamborghini next week BUT the only thing they know about BTC is it is the abbreviation of Bitcoin, the same goes to NFT. When cryptopunk value rises and Beeple sold it for $69m, now wannabe artists (just like wannabe investors) thought they can just mint shit and get rich quick.

Surprisingly, some of them actually did. Just like how early birds shitheads joined the crypto run earlier and get lucky. These artists sold them to wannabe investors who suddenly KNOW art and buy random NFT from common artists thinking EVERY NFT WILL BLOW UP SOON... sounds familiar? Just like how everyone been preaching moon, shiba inu, because they thought every crypto is the same... and since they cannot afford to buy BTC, ETH, or even XRP, why not get the shitcoins because all the big dogs now used to be a puppy too. To put it simple, the hype train sold one way ticket to the fools who dont know where the destination is in the first place.

The recent crash with NFT happen when the godly-art-buyers realized they bought useless stuff from talentless people.. and while some NFT will definitely rise in value (cryptopunk, beeple among others).. most will definitely not. Because they worth nothing in the first place. And this crash now, hurts the brand (NFT) which eventually the company (Crypto) in general.

TLDR : Do not overgeneralized the problem. Just like how there murderers exists in all colors, form, religion... the same scam issue exists in every business/practice too. It is your job to learn what you invest in, to calculate your own risk, and finally to decide if its worth it. Any less, then its a gamble. Spread the word.