• Dagamant@lemmy.world
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    18 days ago

    Yeah, grifters spent a lot on NFTs to convince others that they were valuable and it worked. Logan made a shitload of money off NFT scams.

  • Geki@lemmy.ml
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    18 days ago

    Back in high school my best friend was in print class. And on my birthday he printed me a massive poster of one of those ape NFT for shits and giggles. One of the ones that were worth like $20 million or something like that.

    Lost him to suicide back in 2024, and I put the poster up on my wall, even though its the ugliest thing I’ve ever seen. He still put in effort to remake it for a poster. One day when the actual NFT is dirt cheap I’m gonna buy it, for shits and giggles. It’s still $10K, but when it goes below $100 I’ll find a way to get some of that crypto coins to buy it, even though it’s a worthless piece of shit, it’s the memories that make it worth it to me.

  • Enkrod@feddit.org
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    18 days ago

    People keep posting images with the headline “such and such bought THIS NFT”, but they didn’t even buy the image, they bought a receipt for the image.

    • MidsizedSedan@lemmy.world
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      17 days ago

      Dan Olsen has a great video on it.

      https://www.youtube.com/watch?v=YQ_xWvX1n9g

      I don’t want to oversimplify it (its a great watch/listen. Great when cleaning the house as background audio)

      But it can be simpleified to

      "rich guys bought into cryto. Cryto became mainly for drugs. Silk road dead. No use for cryto. Push NFTs, where the only way to buy in is with Cryto. Normie’s buy into NFTs. Cryto value goes up. Rich guys can sell at a good price.