Could someone explain how NFT scams work?

[bif]

I get offers at least once a week from someone who wants to buy my artwork for NFTs. I know it's a scam, but how does it work?

[LetMyPeopleVote]

1. Non-Fungible Tokens are scams

There are supposed unique art works that are generated using blockchain technology which is used for cryptocurrencies. You get a link to some "artwork" that in theory is unique. There is no inherent value in these "artworks" and any value is dependent on public demand or other suckers. The trading cards issued by TFG back in December are in effect NFTs and evidently these cards are now largely worthless. BTW, I also think that cryptocurrencies are also scams.

[bif]

2. Okay, so explain this...

If someone offers me $12,000 in NFTs for a painting, what do I actually get? And what does the buyer get? And what do I potentially lose by doing this?

[multigraincracker]

4. I'd tell them, give me $6,000

cash and it's yours.

[bif]

7. I tell them $250 and it's yours!

But I only take certified cheques or money orders. They immediately bail.

[multigraincracker]

9. Bingo

I love to go on Antique Road Show and have the appraiser tell me my item is worth $6,000 and tell them they can have it for a grand.

[ItsjustMe]

3. I did a search for

What Is A NFT Art

https://nftexplained.io/what-is-nft-art/

[brush]

5. NFTs of artwork are a modern, online version of a questionable operation...

that was around back in the day (it may still be going on) of artists being persuaded to allow their work to be printed into posters and sold. One version of it was a technique where the work was printed on stretched canvas to mimic real paintings even more. The artist would get a flat fee amount or a percentage of sales...what ever he/she could negotiate. Thousands could be printed. The artist had no control and it was always ethically questionable for an artist to agree.

Now the product, online NFTs, non-fungible tokens, are also ethically questionable for the artist to agree IMO as he/she losses control of the work, unlimited numbers can be sold to gullible buyers, and they're not tangible work one can hang on the wall. They're just pixelized, online images that are only worth what promoters can get unknowing buyers to pay.

In other words, they're a scam and the images can easily be dragged off the computer screen to anyone's computer desktop, and I doubt they're sufficient dpi to print a sharp image of any size on paper to maybe frame...which is a whole other can of worms.

[leighbythesea2]

6. This is the best I've ever read

About it. It’s a joke, using the Mona Lisa, but the inane-ness comes across.

https://ifunny.co/picture/i-dont-know-what-an-nft-is-and-im-too-QQ3N1KYZ8

[bif]

8. So if I accept $12,000 in NFTs, can I convert it to cash?

If so, how exactly do I lose?