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Collections are often about the people who collect them, not the collection itself

The only NFTs I own are a few NBA Top Shot, the digital version of a sports collectible card. Basketball is my favorite sport to play, one of my favorite to watch, and I’ve been a long suffering New York Knicks fan… so I “get” why someone would get into NBA Top Shot and sports related NFTs.

I don’t fully “get” the other NFT projects just like I don’t get collectors of Hummel dolls, Beanie Babies, paraphernalia from your favorite band (Beatles!), etc. But I “get” why people do it and that’s good enough for me.

Here’s an alternate explanation that also makes sense to me:

I Collect Cashflows [The Reformed Broker] – “I collect shares of businesses. Been doing it since my late teens. Not always successfully. I use a certain type of non fungible token called a stock certificate for this. I never lay hands on the certificate, it’s in digital form, living somewhere in the multiverse. A company called DTC makes sure the shares I’ve bought are the shares I get. And then I hold them. Sometimes I will trade them for digital dollars that I also don’t ever see or touch, but then soon after I am trading those dollars for another pile of virtual stock certificates. People will say “You’re crazy, why would you want to buy a fraction of a company you will never touch and hold in your hands?” And I’m like “You just don’t understand.””

This next post is good advice on security:

How to keep your money, investments, and cryptocurrency secure; preventing hacking, phishing and other nefarious scams [Accidentally Retired] – “I want to preface all this by saying that even if you are doing everything correctly, there is still going to be some level of risk that you take simply by using the internet. This is similar to the type of risk that you take every time you get into a car. But nevertheless, the risk is still there.”

Alicia Keys – Songs I Wish I Wrote (LIVE at the 61st GRAMMYs) is a really fun video and shows just how some artists, especially Alicia Keys, are truly next level: