NFTs (thread now extremely NSFW)

can't wait to right click on that

every time i see this dumb shit, it is a reminder that I am now officially too old to care
If throwing my hands up at the very concept of the NFT is my midnight blinking VHS, so be it.

anyone read this? i found it helpful: https://moxie.org/2022/01/07/web3-first-impressions.html

it was written about a year ago, by the guy who founded Signal, and it argues that while web3 is supposed to be decentralized (like web1), it's already dependent on platforms which are highly centralized. read the blog post if you have any interest, it'll provide context for this:

Given the history of why web1 became web2, what seems strange to me about web3 is that technologies like ethereum have been built with many of the same implicit trappings as web1. To make these technologies usable, the space is consolidating around… platforms. Again. People who will run servers for you, and iterate on the new functionality that emerges. Infura, OpenSea, Coinbase, Etherscan.

Likewise, the web3 protocols are slow to evolve. When building First Derivative, it would have been great to price minting derivatives as a percentage of the underlying’s value. That data isn’t on chain, but it’s in an API that OpenSea will give you. People are excited about NFT royalties for the way that they can benefit creators, but royalties aren’t specified in ERC-721, and it’s too late to change it, so OpenSea has its own way of configuring royalties that exists in web2 space. Iterating quickly on centralized platforms is already outpacing the distributed protocols and consolidating control into platforms.

Given those dynamics, I don’t think it should be a surprise that we’re already at a place where your crypto wallet’s view of your NFTs is OpenSea’s view of your NFTs. I don’t think we should be surprised that OpenSea isn’t a pure “view” that can be replaced, since it has been busy iterating the platform beyond what is possible strictly with the impossible/difficult to change standards.

I think this is very similar to the situation with email. I can run my own mail server, but it doesn’t functionally matter for privacy, censorship resistance, or control – because GMail is going to be on the other end of every email that I send or receive anyway. Once a distributed ecosystem centralizes around a platform for convenience, it becomes the worst of both worlds: centralized control, but still distributed enough to become mired in time. I can build my own NFT marketplace, but it doesn’t offer any additional control if OpenSea mediates the view of all NFTs in the wallets people use (and every other app in the ecosystem).

This isn’t a complaint about OpenSea or an indictment of what they’ve built. Just the opposite, they’re trying to build something that works. I think we should expect this kind of platform consolidation to happen, and given the inevitability, design systems that give us what we want when that’s how things are organized. My sense and concern, though, is that the web3 community expects some other outcome than what we’re already seeing.

https://www.youtube.com/watch?v=5CJsAej_GWc

hey it's even stupider than you think
https://www.youtube.com/watch?v=e7LiVBCZ69Q

aight so this here is a transparent effort to groom the next generation of bagholders, which, is that legal? marketing ponzi schemes/risky financial instruments to literal children? (i'm assuming that the monkey poop video game is deliberately meant to appeal to tweens and the tween-brained; presumably incorporating elements of the skinnerbox pay-to-win mobile games they were raised on so as to addict them to crypto gambling) (and shout out to the loving close-up of a monkey's butthole, to ensure maximum virality among giggling schoolchildren)

no like seriously. does the sec or anybody give any kind of a darn about this, because i mean. they are actually, for real, on purpose, marketing this to kids (and idiots) for the all-but-explicit purpose of fleecing them. isn't there any kind of rule or something against that? it feels like there should be a rule against that.

otm

at least joe cool was doing cool things, like smoking cigarettes

another point in joe cool's favor: i am unfamiliar with his anus, whereas i can no longer say the same re: jimmy the monkey

No results found for "joe cool's anus".

Suggestions:

• Make sure all words are spelled correctly.
• Try different keywords.
• Try more general keywords.
• Try fewer keywords.
• Try getting away from the keyboard for awhile.
• Maybe get a hobby?

I wondered how the NBA Top Shot NFT millionaires from 2021 were doing - no one's done a re-profile I guess but the search did bring up these two deeply unwell men

Thinking back to those FOMO NBA Top Shot buys. @gmoneynft and @sobylife share their rage buy stories on a hilarious episode of Admit One on YouTube.https://t.co/k1yspJAUJb pic.twitter.com/XFPKoNRMYf

— Admit One (@Admit0001) January 24, 2023

I miss Topshot. It was the most fun NFT's.

All, I’m completely devastated. My wallet has been completely drained and all my NFTs and ETH gone. My BAYC, MAYC, Koda, 3 Doggos, BAYC Land, 9 rumble Kongs all gone. All because I wanted to play #dookeydash on my laptop. See below thread 🧵 on what happened

— HideYoApes.eth (@HideYoApes) February 26, 2023

time was a child could play #dookeydash in the street

Hoon McMunch (pairodee) @biasbe
Replying to @HideYoApes
I would die on the water boarding table before admitting to losing my savings by playing a game called dookeydash

FULCHROM @FULCHROM
Replying to @biasbe and @HideYoApes
I would die on the water boarding table before admitting to collecting NFTs

i shouldn't laugh but

wait yes i should

😆 pic.twitter.com/xiaL5mCYBR

— Robert Dewees (@DeweesRobert) February 28, 2023

9 rumble Kongs!

Alexis Ohanian’s ancestors perished during the Armenian genocide and had their assets seized. That generational trauma is a big reason why he’s betting heavily on NFTs and future social networks, despite crypto’s chilly winter storm. https://t.co/pPnSjJ5hw2

— Forbes (@Forbes) April 3, 2023

It's not too late to invest in beanie babies, too. Adds a bit of diversification in case the NFTs tank.

Going well, as usual.

Sorry this is the funniest post ever my bad pic.twitter.com/4rgVL1Fqg9

— Ed Zitron (@edzitron) May 22, 2023

lmao the fuck is this

https://www.thehighestofstakes.com/

As though crypto king and conman are seperate categories.

watch our hero battle the evil Status Quo for supremacy

Is it just me or has this whole thing dropped off in a massive way lately?

Are people still throwing good money at exclusive jpegs?

a few weeks after that Paris Hilton/Jimmy Fallon interview I remember reading that trading volume was down some 93% off its peak. can only imagine what its at now

it was surreal having all these celebrities trying to hawk something they don’t even understand

meta-tangent, not about nfts

i think i posted penises upthread? or something? sorry about that. just wondering, though -- why can't the posts be deleted, or at least the images or the image links deleted?

ILX wants cocks is why

https://arstechnica.com/tech-policy/2023/08/buyers-of-bored-ape-nfts-sue-after-digital-apes-turn-out-to-be-bad-investment/

Sotheby's sold a lot of 101 Bored Ape NFTs for $24.4 million at its "Ape In!" auction in September 2021, well above the pre-auction estimates of $12 million to $18 million. That's an average price of over $241,000, but Bored Ape NFTs now sell for a floor price of about $50,000 worth of ether cryptocrurrency, according to CoinGecko data accessed today.

The amended lawsuit alleges that "Yuga colluded with fine arts broker, Defendant Sotheby's, to run a deceptive auction." After the sale, a Sotheby's representative described the winning bidder during a Twitter Spaces event as a "traditional" collector, the lawsuit said.

The lawsuit said it turned out the auction buyer was now-bankrupt crypto exchange FTX, whose founder Sam Bankman-Fried is in jail awaiting trial on criminal charges.

It feels like AI displaced blockchain stuff as a broad popular tech topic maybe a year ago.

Is there a new dumb thing yet?

maybe in a couple decades, there'll be a secondary market for the retro/kitsch value... "Own all the NFTs you coveted back in the early '20's!"

Like Tamagotchi or pogs or something

I think the NFT stuff was quietly pushed out of the media when it was clear that it was a scam. Time for the next big thing!

when it was clear that it was a scam

no, they were covered straightforwardly for many months

No, they were covered straightforwardly period when it was clear from the very start to anyone with two eyes and a heart that they were a scam

it was surreal having all these celebrities trying to hawk something they don’t even understand

i'm not an actors are cattle guy by any means, but was it

No, they were covered straightforwardly period when it was clear from the very start to anyone with two eyes and a heart that they were a scam

if u re-read my post

xp it was just funny when they struggled to even bullshit coherently about them and then would go “well anyway my people say they’re cool”

i think the folding spaces "line goes up" video detailed the scam so clearly that reporters finally understood it.

I want a follow up to the story about the people who were “rich” from collecting NBA NFTs. I think it was the Times?

NYT NBA NFTs NGL

does this mean the meme that goes "yeah i'm into NFTs, non-binary femme tops" is also dead?

I got completely out of the fun a while ago, right before everything really started to go south. I did not get rich, at least not by metrics, but I did end up over $10k in profits all starting from the $8 NBA Topshot pack I bought. At no point did I ever put any of my earned income in. Lucky, but it was fun and profitable to gamble for a while during this magical time in history. Memories will last forever.

well I'm glad to know that at the end of the day I know one person who actually made money on this, whom I do not actually know, him name might or might not be Jeff,

I follow a reggae thread on the H0ffman forums and there's a dude that runs a small label on there. As of a year ago his big idea was to branch out into NFTs and it sounds like he's still hopped up on this. A couple of other folks tried to gently let him know that they didn't think the average reggae buyer is all-in on NFTs, but he has very much chugged the kool-aid.

Non-fungible tokin’

Non-fungible tokin’

Aw too bad

https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/

Yay! Free NFTs!

I still get messages from randos on instagram saying my drawings are great, are they available as nfts? invariably their accounts have about 12 posts and over 7000 followers.