So, I read this last semester and my thoughts on it are going to be relatively similar just because my thoughts on this subject have barely changed in the past few months. So, to make a long story short, we got the reading on the worlds most expensive GIF again. Some dude decided to make a GIF of a deflating golden balloon dog. The significance of the dog is that an artist sold a massive sculpture- okay wait some girl next to me is on Zoom telling her class about JFK assassination theories and I had to share- anyways the artist sold a massive sculpture of a balloon dog that he didn't even make himself for upwards of fifty million dollars. This GIF artist was mocking that, and he did so by both deflating the dog and valuing his GIF at $5,800. So last year September I would have thought this is totally insane and unheard of and lemme tell you- I was not prepared for the rise of NFTs. This year, all anybody in the investing/monetary/crypto world cares about is NFTs. Freaking digital artwork. Who would have seen this coming. I thought this GIF artist was insane, and then I suddenly look up and people are selling still images for far more.
I have plenty of thoughts on NFTs just because it's crazy that the things we buy and sell are getting more and more copyable. That's not a word that's just the only way I could describe the situation. Everybody that hears about NFTs for the first time just goes "oh, well screenshot it." Legitimately everyone has that thought. That's the NFT equivalent of telling an econ major that the USA should just print more money.
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