Five Dirty Communist Myths About NFTs, Totally Debunked!

Hey there, siaps! Crypto Slap is back with another juicy article all about non-fungible tokens (NFTs), the digital art pieces and collectibles that are currently taking the crypto world by storm. Despite their skyrocketing popularity, there are still a lot of misconceptions floating around about these innovative tokens, ranging from outright evil falsehoods to just plain sad misunderstandings. In the spirit of enlightening everyone on this amazing NFT idea, let’s address some of the most common NFT misconceptions, shall we? We shall.

Myth #1: NFTs are related to fungus.

This one is probably the most laughable, but hey, we’re going there. Some people genuinely believe that NFTs stand for non-fungusible tokens, thinking they have something to do with… fungi, I guess? While fungus might be a “fun guy” in a certain contexts, it’s not fun to be this stupid. NFTs simply stand for non-fungible tokens; they cannot be replaced by something of equal value or utility. Sure, it’s a dumb word, but just say NFTs like a normal person, and it’ll be fine.

Myth #2: Buying an NFT puts your crypto at risk.

Ever since the $3 million-sale of a digital collectible known as ‘A CryptoPunks’ was splashed across headlines worldwide, people have been raising alarms about the supposedly high cost of owning digital art and whether it’s worth taking a gamble on. However, the truth couldn’t be farther from this idea. Like any form of art or collectible, the value of an NFT depends entirely on its rarity, scarcity, and desirability to potential buyers. As long as you thoroughly research the token you’re eyeing and purchase from reputable exchanges, there is little-to-no chance of losing money. Unless it was a pump-and-dump scam from Jake Paul. Or, as I like to call them, “pump-and-dump-and-repump your body with steroids” scams.

Myth #3: Supporting NFTs is joining the church of Mark Zuckerberg.

First of all, Facebook is a religion, I’ll give you that. But 0% of the NFT’s I’ve ever seen require you to worship the founder of Facebook, or even acknowledge his innate superiority. This is just a myth the keeps popping up, probably originating in luddite ‘zines or 4chan. If anything, support for NFTs runs counter to Zuckerberg’s monopolistic plans – who can forget when Facebook attempted to clone NFTs and steal credit for decentralized tech?? These guys need to learn their history!

Myth #4: Only Libertarians care about NFTs, which makes me feel bad because I’ve been radicalized into internet communism.

Wrong. NFT’s are a technology enjoyed by literally anyone with a computer or smartphone, from hardcore Libertarians to passionate Democrats, to people who couldn’t pick their representative on a map, let alone describe a political ideology with even the vaguest sense of coherency. The only common thread among NFT enthusiasts is a love for art, collecting, and technology combined, something anyone from the farthest reaches of the political spectrum can get behind. So don’t worry – you can own NFTs and not be forced to live in a bear-infested Libertarian-utopian hellhole.

Myth #5: Buying an NFT is bad for the environment.

This is arguably the most prevalent misconception surrounding NFTs – despite being completely untrue! Sure, Bitcoin’s massive energy consumption has made headlines time and time again, but NFTs use very little electricity compared to factories in backwards countries like China. In fact, many experts predict that as technology continues to evolve, NFTs will actually become quite green; think of it like switching from driving a gas guzzler to a electric car. Plus, many NFT platforms (including our sponsor Crypto.Slap, shameless plug) now offer users the option of buying “Green NFTs”, which helps fund renewable energy projects across the globe! What could be greener than that? Nothing. The answer is nothing.