NFTs (thread now extremely NSFW)

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.

This is not to say that all NFTs are scams or that people should have nothing to do with them

Perish the thought.

I want an NFT of a tulip.

I'm sick of the whole "this seems like it's mostly bullshit but there's probably something to it that I'm not getting" no your intuitions are correct stop letting them get to you

junk bonds seem like a safer investment

https://www.theguardian.com/technology/2023/sep/22/nfts-worthless-price?CMP=share_btn_fb&fbclid=IwAR2dm0pbu3pafd62hAJdXhfi8UcOdIuZjYlSXdStoKnzVWILvDyOIVOk_PA

nfts-worth-price?$wAR2dm0pbu3pafd62hAJdXhfi8UcOdIuZjYlSXdStoKnzVWILvDyOIVOk_PA

POV: You bought an expensive JPEG and flight to Hong Kong to attend a festival and almost lose your eye sight.

Yuga never disappoints. pic.twitter.com/Ob3Ry4OApW

— YallahHabibi 🦭 (@YallahHabibiBTC) November 5, 2023

Cream Curtis

Non fungible eyesight

— Coop🚨 (@coopernicus01) November 5, 2023

Apparently a similar thing happened in HK at a hypebeast party a few years ago but I can't see if the attendees were permanently blinded or if they eventually healed.

In the land of the blind, the one-eyed man is Hypebeast

it happened at the Feeding of the 5000 but Jesus showed everyone this special trick to get their eyesight back, doctors hate this guy

vg+

Ha HA

https://www.nytimes.com/2023/11/21/technology/binance-changpeng-zhao-pleads-guilty.html

A massive theft appears to be happening right now --- all these NFTs have been stolen from wallets... some of the absolute top tier apes. pic.twitter.com/fHPqTT8Vqg

— NFTstats.eth (@punk9059) December 16, 2023

It is hard to put to words how devastating this is. Absolutely terrible. See below from Dingaling. https://t.co/eeVAOpURvN

— NFTstats.eth (@punk9059) December 16, 2023

that bottom row includes women, who I suppose the owner would consider a Top Teir Ape