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Yes Barcelona's first NFT art collection  made by BCN visuals  sold  for almost 700k and in my opinion that is absolutely terrible. Let me explain why.  


NFT has many fields where it makes sense to use it like gaming- Cryptogene, Crazykittens.  


Or real estate with time  like Tokeny or Tsolutions.  


Or medical records like Lemonade or a thousand others.  


Games are played on your computer, NFT characters that are digital makes sense, real estate, supply chains authenticity verification make sense because they are useful in real world situations.  


Art makes zero sense, first off all for me owning a piece of art on your laptop makes no sense what so ever and even if you are an nft fan boy lets face it most NFT art only pays to the one that originaly created it and sold it to an enthusiast.  


However when time comes to sell it to somebody else then problems arise.  


Remwmeber that LBJ dunk nft that sold for 270k, after a year its value was 27usd, 10000 times shy of the original price.  


Would you call a house that you payed a million but can't get an offer of more than a 100k a year latter worth a million dollars I sure hope not.  


NFT tech has many many solid revolutionary use cases, Art just isn't one of them
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5 Answers

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People cray cray with their ETH.
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i bet it will rise in price and you're wrong because the NFTs were launched during crypto winter but during the bull run lol then someone will make a post about how this NFT series doubled in price and nobody knows why.
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I think what pisses me off is how little effort goes in to such a high price. IMO its never going to be profitable like that again, despite always being a market for the art and for nft's technology the fad is over.
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There is a significant money laundering aspect to the NFT craze. It is what it is but yea I'm not buying nft art as an investment. Just as you dont buy non-master art as an investment. Maybe one day it will be but you should buy art that you think is cool for a price you think is fair.
  
NFT art as the epitome of the 'what is its usecase' arguement against shitcoins. At least good crypto projects DO something.
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100% money laundering. Barca is sketchy
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