Funny

Big Philomena Cunk energy in that comment.

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

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.

"Today it is worth $155."

LMAO. No.

I used to think Bitcoin was a ponzi scheme. I still do, dut I used to, too

No what's nft?

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.

I somehow....didn't fall for these?

What an indictment of our society that this fuck ass ever had that much money and now has more

$155 looks a little high to be honest.

The very idea of NFTs were wild. You don't own a physical image, you own something kind of like a copyright to an image but you don't in fact own the actual copyright. But it's gonna cost you alot of money and somehow make you even more money someday.

Can confirm, I took one look at NFTs back in 2021 and immediately said "that's fucking stupid."

Nah, it’s genius. A fantastic way to laundry money. It’s like buying paintings but you don’t even need to pay someone to appraise it or a good painter with some sort of good technique.

Not Financially Tenable

no one else going to point out that Logan Paul is somehow not the worst person in that picture

Odd, I always thought they were a means to launder your money.

How the hell is it even worth $155?

Id probably have bought it as a sticker for 0.50 or a dollar when I was 10

It's like a tax on stupidity.

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.

Money laundering?

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 kinda wish NFTs were still somewhat popular, they were such an effective indicator for the dumbest people alive.

Isn't it worth exactly what the highest bidder will pay? Where would the $155 number come from? Seems like an NFT famously owned by Logan Paul would sell for more than $155 anyway. Not saying he'd make a profit here...