Oh yes, if there's several oracles backing it up, lets say it was a stock certificate and several clearing houses act as oracles saying that stock certificates ID is in NFT's meta data is legit to me that makes sense.

Who is legitimizing the image or the reference of the image? It's beyond stupid. I hate this idea that just because something has a lot of money thrown at it makes it a good idea, lol its such a dumb argument.

I agree, but I think this has a while to play out, there's enough hype to keep it going and with BTC propping up the market it has a floor now while people "feel" richer. Also the intellectual dishonesty around content-based NFT's is just shocking

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