Not Financially Tenable
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.
I somehow…didn’t fall for these?
Who with a clear mind and IQ above 0 would fall for that? Seriously!?
In Germany, we have a great saying for such stupid people: “As dumb as a five-meter (~5.5 yard) dirt road.”
you don’t grift a shitty product because you think it’s worth something, you grift it because you think someone else will.
The ones hoarding toilet paper during the pandemic didn’t do so because they thought it was an intrinsically sublime product. They did it for the grift
“that’s a driveway!”
I used to think Bitcoin was a ponzi scheme. I still do, dut I used to, too
Id probably have bought it as a sticker for 0.50 or a dollar when I was 10
Like a lot of the art world, I’m pretty sure these were mainly used for money laundering.
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.
Really?
I bought for the first time a few NFTs this year. Basically that was the only way for me to buy FIFA WC26 tickets in the FIFA blockchain.
Humble brag.
But I wouldn’t support the
football-lovingcorrupt FIFA and theUnitedDivided States with their fascistpresidentdictator, no matter how much I likesoccerfootball
“Today it is worth $155.”
LMAO. No.
Yea … I agree, it really REALLY isn’t worth $155.
A fool and their money are soon parted.
Trends often look obvious in hindsight. What’s interesting is how every cycle teaches people something new about hype, risk, and timing.
But this looked obvious the moment it popped up. At no point did I ever think this was a good idea.
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’ll make you one of these for $5.
I’m very sure it’s the same kind of shit with the retro game ratings https://youtu.be/rvLFEh7V18A
Can confirm, I took one look at NFTs back in 2021 and immediately said “that’s fucking stupid.”
