So currently NFT's are the hottest thing on the block. Every day we see a new story of an NFT Art Piece selling for hundreds of thousands, if not millions of Dollars. NFT's are a controversial thing with some saying it's a groundbreaking thing for the crypto space and that it adds utility, while others are saying it's the dumbest thing ever and pure hype.
Last week Taco Bell got in on the NFT train launching a series of NFT's that came with a $500 Taco Bell gift card, I gotta say that's pretty cool, at least you got some tacos with your purchase, all be it mediocre tacos, but like pizza, there's almost no such thing as bad pizza or a bad taco.
Well Charmin Toilet Paper clearly saw that you can get some press by launching an NFT, and Charmin took to Twitter today to announce they're selling NFT's as well.
https://twitter.com/Charmin/status/1372157127280766981?s=20
- Charmin
You can view their Rarible page and their NFT's at the link below...
This sort of reminds me of 2016 and 2017. Remember when any company could announce they were accepting Bitcoin and Cryptos in general and get a ton of free press. Before the novelty wore off, it was pretty much a guaranteed way for companies to get a ton of support from the crypto community as well as a bunch of free press, even though very few of these companies knew anything about crypto, supported crypto, or really had much intention of being involved in the space.
Personally I see the NFT space as being much of the same. Right now everyone is trying to milk everything they can from NFT's whether it be money from selling them, or free publicity from being involved.
I do see a bright future for NFT's down the road, however the way the space is currently being used is pretty much pure nonsense. I see NFT's being huge for the gaming space as there's actually some utility and it's actually something you can show off, showcase, or even use, where as I just don't see much utility or much purpose or point in having a jpeg or a gif of a spinning roll of toilet paper.
I will admit I was tempted to throw some money in just because I expect there's dumber money out there than I, however seeing that auction prices are already getting up near $500, I figure I'll just buy some more ADA ahead of the Coinbase listing or throw some liquidity into some pools.
What's your thoughts?