This happens outside of NFTS, this happens with everything, US dollars, physical contracts, licenses. They can all be faked. NFTs actually do a better job at allow people to identify fakes, lmao. Do better research.
Are you serious? Artists aren’t getting paid? XCOPY a London based artist has made over $10 million on royalties from his NFT artwork. Please supply evidence to back up your bogus statements.
NFT provide trust less royalties directly to the creators wallet with no middleman.
Most people on Hacker news aren’t doing an ounce of research into the potential of NFTs and it’s clearly recognizable when i read all these comments. Reading a few articles by Bloomberg is not sufficient. You will all be left behind.
In-game items are a great use for NFTs because they provide ownership outside the game and can traded on 3rd party markets.
For example, i purchased a plot of land on cryptovoxels. Each individual plot of land is linked to a unique NFT. When i log into the game with my ethereum account (web3), then i gain build access to the plots of land that i own the NFTs for.
It’s rising because government made it difficult to make new homes. It’s the California government and climate change activists that are making it difficult to build homes.