NFT is a lottery

This is probably the easiest and truest explanation

NFT is lottery.

• There are people who bought NFT and gained in price, True
  • There are people who bought lottery tickets and won, True.
• Buy NFT and the majority of cases will not increase in value, True
  • Buying lottery tickets and most lotteries do not win, True
• The expected value of lottery profits is negative, True
  • NFT's expected gain in value is negative (in the long run) - zero-sum game, and the money that someone has put in is distributed, so the amount of money that someone has withdrawn is minus, True.
• If you don't buy a lottery ticket, you will never win the lottery, True
  • If you don't buy NFTs, you don't get a price gain on NFTs, True
• Lottery issuers can profit with no risk, True
  • NFT issuers can profit with no risk, True

When I mentioned this to my wife, she pointed out that "NFT is a horse race" is closer to "NFT is a horse race" if we take into account the fact that people purchase the tickets for the purpose of "supporting their guesses".

This page is auto-translated from /nishio/NFTは宝くじ using DeepL. If you looks something interesting but the auto-translated English is not good enough to understand it, feel free to let me know at @nishio_en. I'm very happy to spread my thought to non-Japanese readers.