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.