“Today it is worth $155.”
LMAO. No.
Yea … I agree, it really REALLY isn’t worth $155.
Get fucked.
We had this ruining the art world right before AI started taking its shot.
NFTs died miserably.
Now it’s AI’s turn.
Some artists I know made pretty good money on NFTs for a while.
I used to think Bitcoin was a ponzi scheme. I still do, dut I used to, too
What do you think is a ponzi scheme?
BITCOIN
i fucking loved NFT startups in 2021. it was the definition of easy money. I had like 20 clients like that in 2021 alone and it was the shit. the funniest bit is that literally none of these companies or projects were around by the time 2023 started - all wiped out and most of these entrepreneur bros just moved on to do disposable AI startups instead with equally nothingburger results. what’s baffling is that these motherfuckers still manage to raise investments for some bullshit pie in the sky but actual techies with ideas struggle to get a quarter worth of financing even though their ideas actually have legs
They have the resonating rhetoric, charisma, personal connections, and delusional enthusiasm necessary to wow investors. Wooing investors is a skill unrelated to technical understanding.
and its fucking annoying that these folks get the best opportunities - in a better world they would’ve been shoved away in the sales department doing the good deed but nah ain’t happening
Can confirm, I took one look at NFTs back in 2021 and immediately said “that’s fucking stupid.”
I somehow…didn’t fall for these?
Who with a clear mind and IQ above 0 would fall for that? Seriously!?
In Germany, we have a great saying for such stupid people: “As dumb as a five-meter (~5.5 yard) dirt road.”
you don’t grift a shitty product because you think it’s worth something, you grift it because you think someone else will.
The ones hoarding toilet paper during the pandemic didn’t do so because they thought it was an intrinsically sublime product. They did it for the grift
“that’s a driveway!”
To be fair, there are active buy offers for that one for ~$5k. The $155 figure is a collection offer, meaning someone is ready to buy anything in that collection, no matter how shitty it is. And, at practically zero liquidity (only one of those ever sot sold after minting), the concept of value becomes meaningless, he could accept the offer and take back $5k, he could list it at something like $20k and it’d likely quickly sell, or he could bullshit one of his rich friends to buy it from him for a million… or he could print that out and jerk it off to it, the therapeutic effect of which might be worth millions for his entertainment business, who knows.
It’s like a tax on stupidity.
It’s all just money laundering-plus-a-scam.
Not Financially Tenable
Big Philomena Cunk energy in that comment.
That scam exists because of all the deregulation. With proper regulation all the people pushing NFTs would have had to pay back all they stole.
If it was easy to buy, I would pay $5 for this thing, so I could tell the three people in my life that would be amused by my owning it. That’s the floor on the market, for this particular one - so it still has a long way to fall.
I’ll make you one of these for $5.
Id probably have bought it as a sticker for 0.50 or a dollar when I was 10
No what’s nft?
Blockchain enforced “ownership” pertaining usually to shitty artwork. Was a real fad back in 2021 but thankfully has fizzled out.
An image in a database tied to an ethereum address.
There’s is a 0% chance these rich youtubers actually paid money for it.
I’m very sure it’s the same kind of shit with the retro game ratings https://youtu.be/rvLFEh7V18A
