Does anyone actually make money from stuff like this?
nftandgamefi.com
This has to be a scam of some sort, but i don't even see how the people at the top are making money.
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This has to be a scam of some sort, but i don't even see how the people at the top are making money.
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.