Iggy Azalea compares NFTs to ‘digital beanies’ E! News UK

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‘Digital Beanie Babies’

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Iggy Azalea believes non-fungible tokens (NFTs) “are just digital Beanie Babies.”

The 31-year-old rap star took to Twitter to express his doubts about NFTs – which are unique digital assets that can be bought and sold – and compared them to Beanie Babies, the plush toys that have become very popular. popular in the 90s.

Iggy wrote on the microblogging platform: “NFTs are just digital cup babies. (Sic)”

In response, one of Iggy’s supporters said: “It’s like buying something and only keeping the receipt. [crying emoji] (sic) “

The blonde beauty – who was born in Australia but moved to the United States as a teenager – then tweeted: “It’s buying something worthless on the basis of a speculative bubble.

“That’s why I would compare them to baby hats. That doesn’t mean they’re not a lot of fun yet. [smiling emoji] (sic) “

NFTs are now fast becoming the digital answer to collectibles, and some of them are already selling for millions of dollars.

But Iggy remains skeptical of their real value.

She said: “I guess I’m comparing them to them because it’s something that only interests the market with high resale value stories (like the toy) and less about the actual interest in the toy. product / its use. (sic) “

However, another of Iggy’s supporters disputed his claims.

Their tweet read, “Some provide utility to the services, others are just about the social groups you are a part of, some provide repeat art or game drops. The possibilities are endless.”

And then Iggy replied, “To me it seems like they don’t have a real function and everyone is desperately trying to justify a function and make it hold.”

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