Shere_Khan@lemmy.dbzer0.com to Asklemmy · 1 year agoDoes anyone actually make money from stuff like this?nftandgamefi.comexternal-linkmessage-square56fedilinkarrow-up1122arrow-down17file-text
arrow-up1115arrow-down1external-linkDoes anyone actually make money from stuff like this?nftandgamefi.comShere_Khan@lemmy.dbzer0.com to Asklemmy · 1 year agomessage-square56fedilinkfile-text
minus-squareTehWorld@lemmy.worldlinkfedilinkarrow-up21·1 year agoThis one is actually pretty straightforward. The middleman here charges interest and hopes the borrowers default so they can sell the assets at a profit.
minus-squareShere_Khan@lemmy.dbzer0.comOPlinkfedilinkarrow-up5·1 year agoBut how is a repo’d nft worth anything?
minus-squareDontTakeMySky@lemmy.worldlinkfedilinkarrow-up4arrow-down1·1 year agoPro ably not worth millions or anything, but I’m sure some schmuck would buy for $10 a pop at least.
minus-squareLufyCZ@lemmy.worldlinkfedilinkarrow-up2·1 year agoHow is a sealed comic from 1967 worth anything? Same thing, because someone will pay for it.
minus-squareSomeoneSomewhere@lemmy.nzlinkfedilinkarrow-up1·1 year agoPresumably it’s worth the same as it would be if you simply sold it.
This one is actually pretty straightforward. The middleman here charges interest and hopes the borrowers default so they can sell the assets at a profit.
But how is a repo’d nft worth anything?
Pro ably not worth millions or anything, but I’m sure some schmuck would buy for $10 a pop at least.
How is a sealed comic from 1967 worth anything?
Same thing, because someone will pay for it.
Presumably it’s worth the same as it would be if you simply sold it.