I wonder if there's a way he can work this stuff (below) into the model.
I don't know how, or from what angle it can be applied to the gaming business... maybe sell unique characters (?) (and I don't mean for millions like this stupid stuff thats going on now) but say for $25... something gamers can afford. Then some e-sports dude can travel around in various games building his unique brand/persona. Then he could sell it back, or sell it to someone else.
I dunno, you guys would know better than me.
They sure don't need 5000 leases though. Or maybe they do.
Trade what ya see I guess, but I don't think I'd sleep well if I had a big short position overnight.
Today's low was $206. I think $200ish might hold for awhile.
At least this week.
________________________________________________________________
What exactly are NFTs, and what do they mean for the future of creative industries?
While technophobic art fans might be wondering where the token is, the important word here is “fungible,” an uptown word for “replaceable.” For instance, paper money is fungible because, if a friend owes you $20, she can give you back another $20 bill, not that exact $20 bill. NFTs, on the other hand are basically limited-edition digital assets that come pinned to another piece of artwork, be it an image or a piece of music. If a consumer buys an NFT directly from an artist, the buyer essentially gets the reassurance and bragging right that what they own is a literal one-of-a-kind work.
The hype around this particular cryptocurrency has exploded during the last few weeks as buyers have flooded the unregulated NFT markets with billions of dollars, hoping to strike it rich. Cuban has touted them as the future of digital commerce. The artist Beeple used an NFT to sell a piece of digital artwork, a jpeg called “Everydays — The First 5000 Days,” for a record $69.3 million at a Christie’s auction. Twitter CEO Jack Dorsey sold his first tweet with an NFT for $2.5 million in a charity auction. The NBA has gotten in the game with Top Shots, tokens bundled with collectible video “moments” like a LeBron James dunk, that are selling for hundreds of thousands of dollars. And in one stunt earlier in March, a tech company filmed the burning of a rare $95,000 Banksy print — and then sold the video of the art’s destruction through an NFT for four times the artwork’s original value.