Posts about NFTs
There has been an influx of questions related to Non-Fungible Tokens here on ELI5. This megathread is for all questions related to NFTs. (Other threads about NFT will be removed and directed here.)
Please keep in mind that ELI5 is not the place for investment advice.
Do not ask for investment advice.
Do not offer investment advice.
Doing so will result in an immediate ban.
That includes specific questions about how or where to buy NFTs and crypto. You should be looking for or offering explanations for how they work, that's all. Please also refrain from speculating on their future market value.
Apparently, the rumor is that GME is planning on releasing a digital dividend (a non-fungible token) in the form of a crypto-currency. Only those with true stocks can redeem this, thus quickly identifying naked and fake shares. But GME's NFT won't be just for dividends. GME will be an online store at the forefront of tech, so accepting a GME-coin is 100% natural and expected as part of their business model.
This is the same thing that happened to Overstock (OSTK) and it triggered their short squeeze, brutally destroying short sellers. The stock went from $3.23 (once announced) to $130 (at the peak) where it roughly remains to this day. Overstock was already a bitcoin utilizer for years before the dividend.
https://www.reddit.com/r/Superstonk/comments/mpm3vs/overstock_triggered_a_short_squeeze_summer_2020/
Unfortunately, AMC cannot issue a dividend. AMC must get out of debt before it can do that, and it will be a few years before they are fully in the green. AMC has billions in cash to last many years even without income, but it still has the accumulated debts. But GME has no debts and billions in cash. It can issue dividends any time. They are just perfecting the electronic formula.
But consider this. Most apes own BOTH $AMC and $GME. Most apes own A LOT of both! Whichever moons first, most of the apes will pour much of their profits into the other. That can lead to billions... BILLIONS$$$ pouring instantly into the other. If GME moons, then an AMC moon is inevitable shortly.
The second this dividend is officially announced, GME will moon. Then AMC will quickly follow!
All we need to do is wait. No fear! No FUD! Just inevitability!