NFTs (thread now extremely NSFW)

i'd add that there's a third and fourth group of people into NTFs: nihilists and naive idiots

my own views are probably a sub-genre or offshoot of nihilism, but in my version the meaningless only extends to my own life, not those of everyone and everything around me. NFT nihilists are all about getting what's theirs because they hate the rest of the world.

I need a buzzfeed quiz to tell me what kind of NFT person I am.

feel like there’s a growing market for non-non-fungible tokens, fungible tokens if you will, which are like piñatas covered in code and when you smash them you are showered with the blood of rich techbros

also karl otm x∞

Karl, we don't always agree, but my fist was pumping and going RIGHT ON BROTHER while reading your rants

I suppose this is what KM is getting at but something I really dislike about the NFT concept is this idea that our entire lives have to transition to the online/digital realm, where our final form as humans is just sitting in front of our laptop or on our phone for 16 hours a day. I guess in some aspects of our lives this is fine but I think it's getting to the point where it goes against what it means to be a human being, that occupies a physical space and needs physical things to survive. Our economy "works" because dollars correspond to food and materials and other tangible things, when you enter the crypto world where value corresponds to memes and shitty looking monkeys and whatever idiot thoughts Elon Musk is having I think it creates a very dystopian atmosphere where the entire concept of value suddenly becomes very slippery and suddenly very real power is in the hands of dipshit cryptobros.

HUMAN ONE by @beeple just sold for $28,985,000.

It's the story of the first metaverse-native person. And if you think about it, that's the story of us. A beautiful and monumental work and an epic final price.

Also congrats to @NonFungibleNoah! https://t.co/ZUEH3lw6PX

— OhhShiny (@ohhshiny) November 10, 2021

Wasn't the last big money beeple sale just a shell game of the crypto owner buying it from himself or something?

i used to kind of assume that humanity (compassion, altruism, fairness) at least nominally had the upper hand over evil (greed, cruelty, blind self-obsession) but i keep being proved stupider and stupider

god I used to smugly look down on this shit and await its obviously telegraphed demise like any other speculative bubble, but honestly, at this point, I think that the ever declining rate of profit means that capital has to have a new frontier in which to do Forever Growth. Space just isn’t gonna happen fast enough to get it done, and all the overvalued companies like Uber are unsustainable without a fake world in which to expand, so every hollow foundation of crypto is going to be bought out by a company owned by a fund owned by a bank owned by an umbrella corp that gets a relatively quiet bail out.

the Fed is going to own a $37.4 million NFT of a picture of a leprechaun on molly that points to a broken link, processing the transaction will burn 73 kilotons of coal, and I, for one, am stoked!

Mint the trillion dollar coin NFT

fuck a trillion dollar coin NFT could be a hit, who wants to draw one that looks like an early 2000s Gorillaz album

Banksy will do it for you, then quietly cash in on it.

i really do hope this all turns into pogs and i look dumb later

when i send venmo payments, i always say "pogs" as the reason

but i think there is element of nihilism that's built into the core of crypto. it feels good to just admit that it's all influenced by the dumbest shit possible, and everyone knows it, and it's just a big ride you're on. wink wink! that + the lottery ticket thrill of potential big winnings off of a hunch

and if you lose? well you were going to lose anyway

https://www.youtube.com/watch?v=sC-35uHaMG8

"This is like the OG NFT. The original fight against the middle men who are rent-seeking. And crypto is the same ethos"

JFC

very much like nft: they think it's something people will be jealous of them owning, but in reality not many people want a wu-tang album released in 2014.

the crypto ethos is "no rent-seeking middlemen" huh. all that productive work they're doing, creating new wealth instead of an unnecessary intermediate system.

Look, some despised poets have gotten in on this shit.

@theVERSEverse - a a sacred space for poets and writers embodying the power and profound nature of the Blockchain, creativity and its infinite potential for ineffable beauty…

👇🏽https://t.co/T96Uyvizuf

— michael spalter (@michaelspalter) November 11, 2021

^ ^ ^ these people are, of course, fucking idiots.

what idiot called it trading NFTs instead of monkey laundering

— soul nate (@MNateShyamalan) November 11, 2021

Mini-Puft NFTs are here! From Nov 8-17, we’re auctioning one-of-a-kind vignettes from #Ghostbusters: Afterlife creators Jason Reitman & Gil Kenan. BID now → https://t.co/fWrWWm0gjj

Nov 18: 10,500 Mini-Pufts will be unleashed
MINT yours → https://t.co/wmKA1z0IjS pic.twitter.com/CMA5ExD18a

— Ghostbusters (@Ghostbusters) November 13, 2021

Here's the deal, we're selling art. No put your wallet away we use currency that crashes if someone tweets something weird. No you don't keep it but I'll write that you bought it in a big book. Ah no it's not "good" art it's actually the worst art you've seen. Just dogshit stuff.

— Ron Iver (@ronnui_) November 13, 2021

pain 😭 pic.twitter.com/v75HumwW74

— kate bush’s aquarius moon (@cloudbusting) November 15, 2021

(Big Boi X Kate Bush collab)

My latest adventure in free magic internet money:

Late June I registered an Ethereum Name Service (ENS) .eth address (which is a NFT as well). It’s much easier to send to a wallet with insertname.eth rather than asdhfkjakldsfjkluioe39jsajdkfklsd, or whatever my public address is. Seemed worth the $10 or so it cost.

About a week ago, ENS did an airdrop of their new governance token to everyone that has registered a name. Based on when you registered and for how long you registered it for, you get anywhere from a few tokens to hundreds. I ended up claiming 97 $ENS tokens.

So of course you can buy and sell $ENS as well. Immediately after the drop the price rose to $80 a token and has now settled around $60.

I haven’t sold, but I have no interest of being in the ENS DAO or having any sort of governance vote. Waiting until there is more liquidity. Also rumored that $ENS will be listed on Coinbase soon, which will open up a much broader market than those swapping on sushiswap or uniswap. But I’ll happily take a free $5000+ (minus fees.. and taxes).

It’s all just very weird.

That you retain a strong sense of its unreality seems healthy to me.

You know your totally legit community is going great when "rug pulls", the term for when a scam artist runs away with everyone's money, happen so frequently that the term is further shortened to just "rugged" https://t.co/deLANEjGSH

— JP (@vectorpoem) November 15, 2021

Goodbye, Staples Center. Hello, https://t.co/KvGn47hmkL Arena https://t.co/d9mC0R50Ta

— Los Angeles Times (@latimes) November 17, 2021

Visitors will see one clear change at the entrance to the arena from L.A. Live, adjacent to the statue of Magic Johnson, where 3,300 square feet will become a dedicated Crypto.com “activation space” featuring crypto-centric interactive experiences for sports or music fans. Crypto.com has also signed with the Lakers and Kings as their official crypto partner.

SICK

Enron signed a 30-year deal to have the Astros ballpark be called Enron Field for 30 years. The name lasted less than 2 years.

crypto.com can keep the naming rights when it becomes a site selling online mausoleums for your loved ones

tee hee

https://www.inputmag.com/culture/bored-ape-yacht-club-nft-nyc-ape-fest?utm_campavign

I'd kind of assumed that this was a zoomer thing and the reason I found it incomprehensible and bizarre was because as someone born in the 80s I was just too old, but most of the people quoted in this article are in their 30s?

Ape Fest 2021 will culminate with an extravagant “warehouse” party in Brooklyn featuring surprise appearances by Lil Baby, the Strokes, Questlove, Beck, Chris Rock, and Aziz Ansari.

Wouldn’t have thought Questlove would need the money.

"Yay, I'm in a group!" —every Bored Ape collector

I think this appeals to the same people who would have gone to Fyre Fest.

Also surprised Jamie Hewlett hasn’t sued these guys their cartoons look too much like the Gorillaz.

Lil Baby lol

It makes sense it would skew to those in their 30s, or those that are at a point in their life that they have more discretionary income to spend/waste on jpg’s. Still, at 42, I feel ancient in the space.

it being disaffected ppl in their 30’s (like moi) makes the most sense to me. If I didn’t believe in climate change, or thought some hand-wavy technology would fix it soon, I would absolutely be doing crypto shit.

It is very clear to me that in this economy, and likely for the rest of my life, if you don’t have a highly valued and very scarce skill, working is just not a viable path out of precarity (and even if it was, for a lot of reasons, many of them generationally common, I am so fucking bad at work now!)

But that isn’t enough to make me want to save the down payment on a house by turning up the dial on the machine that burns the blood of future children. I’ll just take my inevitable medical bankruptcy instead, thank you!

US pro sports teams are already up to their hips in promotional agreements with dozens of janky start-ups flush with VC or IPO cash, looking to ride a team's coattails into a kind of respectability. crypto.com just looks like a particularly high roller in that game.

Enron signed a 30-year deal to have the Astros ballpark be called Enron Field for 30 years. The name lasted less than 2 years.

Enron is gone, but those sports teams are still there, pulling down those sweet promotional dollars and minting money by the double fist full.

It seems so transparent that it's monopoly money shit for people who:
a) don't have lives or hobbies outside of working/hustling/making money;
b) have too much discretionary income as a result of a;
c) don't have many friends or a community because they're boring people;

and

d) have absolutely fucking abysmal taste in art, music, poetry, and pretty much any artform you can think of.

There are exceptions, of course, like our Jeff, but that's the only read I can get on the situation

The abysmal taste thing sounds snobby, but what the fuck ever, this "art" is fucking hideous garbage

There are exceptions, of course, like our Jeff, but that's the only read I can get on the situation

looking to ride a team's coattails into a kind of respectability

it's less about respectability (though that's still probably a factor bc crypto weirdos are very insecure) and more just cryptocurrencies being a ponzi scheme that require new users to buy in to keep the value going up, so aggressively promoting it is necessary

Here’s some NFTs for everyone.

💀OMG WHO RIGHT CLICKED ALL OF THE #NFTs?☠️
🛳🏴‍☠️ https://t.co/o0YRK78AkL 🏴‍☠️🛳
👀 pic.twitter.com/g74TFqzX0n

— geoff 👋 🇵🇹 (@GeoffreyHuntley) November 18, 2021