What is Treasure Chess NFT's?!

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ShrekChess69420

Why are there chess NFT's?!!! What are they and why would anyone want to buy a chess NFT? Am I the only one who thinks this new feature is a waste of time?

ChessSBM

That’s my question too. I like that there is a new feature, but I don’t understand fully what it is too.

Faker-kun

It is a waste of time because there’s no point in buying nft’s because you could save money for something else and if you do want a nft just find it on Google or a diff website

ChessSBM

What does NFT even stand for 

ShrekChess69420
Rose-chan wrote:

It is a waste of time because there’s no point in buying nft’s because you could save money for something else and if you do want a nft just find it on Google or a diff website

That's what I'm thinking. NFT's have no value, right? And why on earth is chess.com adding them to their site? Isn't this a chess website? 

ShrekChess69420
ChessSBM wrote:

What does NFT even stand for 

I don't know that either. 

Faker-kun
ChessSBM wrote:

What does NFT even stand for 

NFT means non-fungible token

ChessSBM
Rose-chan wrote:
ChessSBM wrote:

What does NFT even stand for 

NFT means non-fungible token

I don’t understand what’s that either, but okay.

Faker-kun
ChessSBM wrote:
Rose-chan wrote:
ChessSBM wrote:

What does NFT even stand for 

NFT means non-fungible token

I don’t understand what’s that either, but okay.

I can’t believe I have to explain this. it means non-interchangeable unit of data

ShrekChess69420

Chess.com is in a downward spiral! sad.png First they released leagues, which was obviously a ploy to boost their statistics. All leagues caused was a boost in cheating and violations of Fair Play. Now NFT's and verification, both obviously money ploys. From my understanding, NFT's and cryptocurrency hold no value, no reliable value at all. Verification does very little for $10 except for give you a little blue check. At this rate, who knows what they're going to do next!

Faker-kun

They might make people who make a account pay money

ShrekChess69420
Rose-chan wrote:

They might make people who make a account pay money

Maybe

Faker-kun

Well just have to wait and see

ShrekChess69420

Yep sad.png cry.png

Faker-kun

I’m mad that my sister bought a treasure chess NFT from this website

Faker-kun

She spent a lot of our money buying it

Martin_Stahl
ShrekChess69420 wrote:
Rose-chan wrote:

It is a waste of time because there’s no point in buying nft’s because you could save money for something else and if you do want a nft just find it on Google or a diff website

That's what I'm thinking. NFT's have no value, right? And why on earth is chess.com adding them to their site? Isn't this a chess website? 

 

Value is determined by those willing to buy things. If someone buys something, it has value to them at least.

Martin_Stahl
ShrekChess69420 wrote:

...Verification does very little for $10 except for give you a little blue check. At this rate, who knows what they're going to do next!

 

You get access to verified only events, such as the Chess.com World Championships and they mentioned there will be more events as well.

 

As to crpytocurrency, it obviously has value if you can buy things with it or exchange it for cash, which can be done.

Faker-kun

Isn’t that illegal tho

Faker-kun

I use Doge-coin as my crypto currency