Bitcoin and Crypto Talk (Merged)(includes NFT)

It's a one-of-a-kind digital file (art, music, gif) and you buy it with Ethereum.

There are ways to prove that it's unique and that you're purchasing the original. For whatever reason, this matters to a lot of people.

I think the main folks that benefit are artists with a large social media following already. Or well-known artists who digitize prints they would've previously sold on canvas.

Sometimes the community will hype an unknown artist (kinda like making them viral) and they start selling pieces.

I was interested in it until I read about some of the downfalls like the art not being cataloged (e.g. you can't search for "funny cats") and how there's no one on the other side so if the site fails while you're conducting a transaction, you lose the fees you paid with the transaction.