Here’s what Elon Musk thinks about NFTs

Elon Musk has again shared his opinion on what is commonly known as NFTs. The tradeable media linked to a blockchain’s non-fungible token became popular in 2021’s bull market. At that time, ‘jpegs’ were traded for millions of dollars worth of cryptocurrencies.

On December 27, the multi-billionaire and entrepreneur answered a comment on his platform, X (formerly Twitter). First, DogeDesigner asked if “anyone still remembers NFTs,” which Adrian Dittmann made fun of: “Web links to data You don’t own.”

All things considered, the NFT technology is evolving, and other solutions will surge in time. Enthusiasts believe there is great value in inscribing media into the blockchain to hold and trade them without intermediaries.