Elon Musk has again shared his opinion on what is commonly known as NFTs. The tradeable media linked to a blockchain’s non-fungible token became popular in 2021’s bull market. At that time, ‘jpegs’ were traded for millions of dollars worth of cryptocurrencies.
On December 27, the multi-billionaire and entrepreneur answered a comment on his platform, X (formerly Twitter). First, DogeDesigner asked if “anyone still remembers NFTs,” which Adrian Dittmann made fun of: “Web links to data You don’t own.”
Yeah, at least encode the jpeg on the blockchain!
— Elon Musk (@elonmusk) December 27, 2023In this context, Musk repeated part of what he had previously said on The Joe Rogan Experience podcast on October 31:
Ordinals Inscription 36,751,919 – Elon Musk’s interview. Source: @LeonidasNFT
All things considered, the NFT technology is evolving, and other solutions will surge in time. Enthusiasts believe there is great value in inscribing media into the blockchain to hold and trade them without intermediaries.
