NFTs
Out of context: Reply #732
- Started
- Last post
- 844 Responses
- neverscared1
What Is Happening to the People Falling for Crypto and NFTs
The latest ape sale took place last weekend, and it was a disaster from top to bottom. Huge demand overloaded Ethereum, the open-source blockchain that hosts the Ether cryptocurrency and had been developed to be a more capable crypto system than Bitcoin. The technology’s shortcomings led to thousands of people paying about $180 million collectively in transaction fees. Some appeared to pay more in fees than what they paid for the NFT. They were the lucky ones; some paid steep transaction fees only to see their ape purchases fail for unknown reasons. (Yuga said it has refunded money spent on failed transactions.) Still others suffered various hacking and phishing scams. Meanwhile Yuga, whose backers include some of Silicon Valley’s biggest venture capital firms, generated at least $320 million in sales. Sales of what? Oh, plots of “land” in Otherside, a virtual world that might come out soon.
- Clownsgrafician
- NFT’s are lame as fuckPhanLo
- All these clowns wil be wishing they saved their money. The party is ending. The ugly lights are coming on.nb
- i´am not so confident.. it still seems to hustle pretty well https://www.theguard…neverscared
- only for the upper echelons i guess...neverscared
- Gonna be a big *poof* in the not-too-distant futureformed
- My mate has made loads of money off them, but he’s not an artist. He just trades them.PhanLo
- that must be a traders dream.. generating some art with a couple of words and A.I and then getting richie rich.. artists = obsolete.neverscared
- None of this will age well... It was all just another hustle to gaffle money from peeps. Been sayin' it all along.jonny_quest_lives
- I think the top was in when I was unfollowing artists daily as they announced their new NFT collabs.jonny_quest_lives
- When you spend hundreds of millions of dollars on an NFT market place but the majority of NFTs were just fraudulent wash trades by like ten coconspirators.neverscared
- https://pbs.twimg.co…neverscared
- Nuts the money pissed up the wall in gas alone for this project.microkorg