I’m going to be that annoying person.
What the heck is an NFT?
Been trying to get my head round it for about 2 years. In basic terms I think it’s just like owning a digital image.
I’m going to be that annoying person.
What the heck is an NFT?
Probably your best way to lose moneyI’m going to be that annoying person.
What the heck is an NFT?
Think of it as a digital contract that can be used to show ownership. The block chain technology behind it is sound and very practical for some use cases. Unfortunately the application of the technology is more akin to gold rush of pyramid schemes and get rich quick charlatans. How can a digital image of a monkey be worth £500k … because idiots with crypto think it is the same as dealing in fine art. It’s not actually that different from the fine art market TBH, just not established yet. Funny how crypto geeks start crying that it’s not regulated properly when they lose all their crypto / NFTs despite being fan bois in the first place as it’s decentralised and unregulated.Been trying to get my head round it for about 2 years. In basic terms I think it’s just like owning a digital image.
This is the best description I've seen of it:I’m going to be that annoying person.
What the heck is an NFT?
This is the best description I've seen of it:
‘Buying an NFT is like sponsoring a penguin. You send them money, they send you a picture, and you own nothing.’
Except you often are not buying ownership, you don't have any legal right to the thing you have purchased. You just have a receipt with your name on it proving that a transaction was made.NFT = digital receipt. Nothing more. Except the receipt (proof of ownership) can be traded online, and ownership traced through the blockchain (digital ledger) to see price history. It's all nonsense and rife for money laundering, when people buy their own shit for inflated prices. See what Melania Trump tried to do. As far as the digital asset is concerned.... "Right click - Save As".
I'd say the Emirates are pretty much known everywhere now but they were known hardly at all by the public when they started their sponsorship.I guess the stadium has barely started to function as a multi purpose venue. Once we see it host multiple events successfully, then I think we will see movement on the naming rights.
Although I do wonder how beneficial it actually is to the company that pays for it. Having your name associated with the likes of Real Madrid, Bayern Munich, Barcelona etc, fine, those clubs will always be successful and well supported.
But anyone below those elite clubs, won't always be successful and a lot more people don't support them than do. I wonder how happy Emirates have been with their commitment to arsenal for example.
I guess the stadium has barely started to function as a multi purpose venue. Once we see it host multiple events successfully, then I think we will see movement on the naming rights.
Although I do wonder how beneficial it actually is to the company that pays for it. Having your name associated with the likes of Real Madrid, Bayern Munich, Barcelona etc, fine, those clubs will always be successful and well supported.
But anyone below those elite clubs, won't always be successful and a lot more people don't support them than do. I wonder how happy Emirates have been with their commitment to arsenal for example.
Was news about Barcelona getting a deal really worth bumping this thread for?
Personally I found it interesting and relevant given how massive the naming rights sponsorship is reported to be.
Even compared with the likes of Utd or Madrid, we're certainly not at the lower end of the market! It's more akin to being 4th but still 20 points behind City and Liverpool. The lower end would be Norwich, Burnley etc.Naming rights is just another form of investment. Savvy investors identify potential at the lower end of the market which is where we currently are compared to the mega clubs. They just need confidence that we'll be able to push on from here.
Even compared with the likes of Utd or Madrid, we're certainly not at the lower end of the market! It's more akin to being 4th but still 20 points behind City and Liverpool. The lower end would be Norwich, Burnley etc.
Besides, the versatility and quality of our new stadium has an added value all of its own. It will have a reach far beyond football.