A few months ago, non-fungible tokens became a popular thing. A piece of blockchain-based digital art sold at auction for $69 million. The collage of 5,000 images by the artist known as Beeple sold at a record price. Since then, all kinds of NFTs have been sold at wild but varying prices.
must be scratching their heads and wondering: Why? How?
could a writer toil in obscurity for years, get ignored by publishers, and earn
peanuts for his or her writings, not be jealous at this craze that rewards
don’t know why anyone would but a NFT. There is nothing unique about it. It is
not great art necessarily. And it seems easily replicable. What is the point?
What do you really own?
goes along with cryptocurrency. A Bitcoin is nothing, really. It is not a
currency in the U.S. It is limited on how much of it exists. There is no there
there. Some computer software mints really nothing. This nothing can’t be seen
or touched. It can’t be traced. It is used by criminals. What the hell is going
Monopoly money has more value. At least you can use it to play a game. But
seriously, Bitcoin is a pyramid scheme that keeps growing. It was worth as much
as $60,000 recently -- and now it struggles to retain half of that value.
is our country and culture coming to? We “speak” by texting. We ‘write’ by
using emojis. We say a made-up digital image is worth 69 million dollars, and
believe one unit of a made-up commodity-called-currency is worth $30,000 or
more. The government can’t even pass a minimum wage bill that is livable,
schools turn out dummies, and all that used to illegal, such as marijuana, is
now sold everywhere with the blessing of all. And a made-up thing is viewed as
money and worth a pound in gold?
love America. It always has had problems and growing pains. What is new
confounds us until it becomes the norm. Where there is opportunity, someone
will exploit it. Our consumerism and entrepreneurialism collaborate to sell
junk to junkies. Bubbles burst and we move on to the next big thing.
it frustrates those who work hard, such as writers, to see people make easy
money day-trading Bitcoin, overcharging for some trendy product, or living off
the interest and profits of a company that built itself on the backs of low-wage,
throw-away workers. But that’s capitalism and the American dream at work.
question is this: Can writers make real money? Maybe if they sell their book
cover art as a NFT, or agree to receive royalties in Bitcoin, they will
generate some greenbacks. Unfortunately, the author’s printing press doesn’t
mint money, but it does produce a product that helps others, and gives writers a
have immeasurable value. They are worth far more than Bitcoins.
Need Book PR Help?
Feinblum, the founder of this award-winning blog, can be reached at firstname.lastname@example.org He is available to help authors promote their story, sell
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thousands of authors in all genres.
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About Brian Feinblum
Brian Feinblum should be followed on Twitter @theprexpert. This
is copyrighted by BookMarketingBuzzBlog ©2021. Born and raised in Brooklyn, he
now resides in Westchester with his wife, two kids, and Ferris, a black lab
rescue dog. His writings are often featured in The Writer and
IBPA’s The Independent. This was named one of the best book
marketing blogs by BookBaby http://blog.bookbaby.com/2013/09/the-best-book-marketing-blogs and recognized by Feedspot in 2018
as one of the top book marketing blogs. It was also named by WinningWriters.com
as a "best resource.” He recently hosted a panel on book publicity
for Book Expo America. For more information, please consult: .