“I just bought this limited edition bored ape NFT for only $500k.”

“Dumbass. You just spent $500k on a bougie screenshot.”
by El Presidente 84 November 25, 2021
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Something Spamtom G. Spamton from Deltarune would probably try to sell you for 1997 kromer.

Just sayin': If Spamtom wants to sell it, it's probably a whole load of hyperlink blocked garbage. Wait, you're still gonna buy NFTs?! WHAT THE fifty percent of ARE YOU DOING????!!!!!
Spamtom: WHY BE THE Little Sponge WHO HATES ITS $4.99 LIFE WHEN YOU CAN BE A BIG SHOT!!!. LOOKING FOR Irresistible Deals THAT WILL Blow Your Mind!?. HURRY UP AND BUY NFTs. THAT'S RIGHT!! NOW'S YOUR CHANCE TO BE A BIG SHOT!! ONLY FOR THE LOW, LOW PRICE OF 1997 KROMER. AN AWESOME PRICE.! AN ABSOLUTELY Terrifying PRICE PRICES SO LOW, EVERYONE I KNOW IS Dead!!! DEALS SO GOOD I'LL $!$$ MYSELF! TRANSMIT 1997 KROMER?

Kris: ...

Spamtom: DELICIOUS KROMER!! NOW THAT'S WHAT I'M TALKING AB04T! YOU GOT Guts KID!! THEN A DEAL'S A DEAL!!! PLEASURE DOING BUSINESS WITH YOU KID!!! DON'T FORGET TO Like and Subscribe FOR MORE Hyperlink Blocked! HAEAHAEAHAEAHAEAH!!

Kris: ..................................................................................................................................
by EpicScientician December 8, 2021
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The "token" part of an NFT is simply a digital receipt on part of a blockchain that has an ID and a URL it leads to. Since it relies on the URL of a different site, it is not truly decentralized. This makes the blockchain have no purpose, and do nothing except have a far worse carbon footprint.

Ownership of an NFT does not mean you have the intellectual rights of the image, and that you simply have a token associated with an image. Someone can create a token of an image that isn't theirs, and can create a nearly identical token. This makes the image associated with the token not give it value. The only way to distinguish between these are therefore IDs and creators associated with them.

Saying 2 NFTs associated with the same URL have different monetary values is like saying that 2 1 dollar bills have different monetary values due to their different serial numbers.

To summarize: an NFT is a number and a URL that is non-fungible the same way 2 bank notes with different serial numbers are non-fungible, which have a monetary value only based on a randomly generated number (which is completely ignored by everyone), is bad for the environment, and doesn't lead to any intellectual rights. There is no value to an NFT.
NFT's have no monetary value
by FartMan96 January 9, 2022
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"No F*in' Thanks"
A parody acronym of the Non-Fungible Token (NFT) (because it's worthless and you'd have to be insane to buy one)
Did you hear that people are selling Non-Fungible Tokens (NFT's) now. It's lunacy! You'd have to be nuts to buy one. NFT should stand for "No Frickin' Thanks"!
by The Gideon Lion March 12, 2021
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A “Non-fungible token” (non = not, fungible = interchangeable, token = voucher). NFTs are distinct, easily verifiable digital assets that can represent items from virtual real estate to cherished moments in NBA history.

In other words, owning an NFT is owning a piece of the internet. Some examples:

“Nyan Cat,” the decade-old rainbow cat meme, sold for about $580,000 last week.
The value of my grumpy cat NFT is blowing up.
by 4way pen February 25, 2021
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NFTs (non-fungible tokens) are jpegs that you can buy online for real world money. Not only are they scams, but they destroy the environment. Every transaction made uses up 48.14 kilowatt hours of power.
NFT Bro: "Hey guys, I just got this ultra-rare shitting ape NFT for 20 ETH!"

NFT Hater: "Thats cool, but I got this one for free." (Screenshot of NFT worth thousands of dollars)

NFT Bro: "Dude, delete that screenshot!"

Do not buy NFTs.
by fridgewater December 1, 2021
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