this post was submitted on 06 Mar 2026
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[–] JasonDJ@lemmy.zip 1 points 12 hours ago

Big Philomena Cunk energy in that comment.

[–] Bluescluestoothpaste@sh.itjust.works 1 points 12 hours ago (2 children)

Blockchain enforced "ownership" pertaining usually to shitty artwork. Was a real fad back in 2021 but thankfully has fizzled out.

[–] maplesaga@lemmy.world 2 points 12 hours ago* (last edited 12 hours ago)

An image in a database tied to an ethereum address.

There's is a 0% chance these rich youtubers actually paid money for it.

[–] drath@lemmy.world 5 points 1 day ago

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.

[–] BilSabab@lemmy.world 14 points 1 day ago (1 children)

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

[–] bestboyfriendintheworld@sh.itjust.works 1 points 11 hours ago (1 children)

They have the resonating rhetoric, charisma, personal connections, and delusional enthusiasm necessary to wow investors. Wooing investors is a skill unrelated to technical understanding.

[–] BilSabab@lemmy.world 1 points 11 hours ago

and its fucking annoying that these folks get the best opportunities - in a better world they would've been shoved away in the sales department doing the good deed but nah ain't happening

[–] Tattorack@lemmy.world 15 points 1 day ago (1 children)

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.

Some artists I know made pretty good money on NFTs for a while.

[–] pinball_wizard@lemmy.zip 21 points 1 day ago (1 children)

"Today it is worth $155."

LMAO. No.

[–] Wilco@lemmy.zip 12 points 1 day ago

Yea ... I agree, it really REALLY isn't worth $155.

[–] Raiderkev@lemmy.world 16 points 1 day ago (1 children)

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

[–] Duke_Nukem_1990@feddit.org 1 points 1 day ago (1 children)

What do you think is a ponzi scheme?

[–] Raiderkev@lemmy.world 2 points 23 hours ago
[–] sveltecider@lemmy.ca 11 points 1 day ago (1 children)

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

[–] Jackhammer_Joe@lemmy.world 10 points 1 day ago (2 children)

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.”

[–] tetris11@feddit.uk 2 points 1 day ago

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

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[–] Sam_Bass@lemmy.world 4 points 1 day ago

Not Financially Tenable

[–] Heikki2@lemmy.world 5 points 1 day ago

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

[–] khanh@lemmy.zip 13 points 1 day ago

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

[–] F_State@midwest.social 21 points 1 day ago (1 children)

$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.

[–] LH0ezVT@sh.itjust.works 10 points 1 day ago (1 children)

You own a sign with a link to the image.

[–] zarkanian@sh.itjust.works 10 points 1 day ago (1 children)

And there isn't even a guarantee that link will work in perpetuity.

[–] addie@feddit.uk 2 points 13 hours ago

Or that it's the only link to the image; you just own one of the links.

[–] MithranArkanere@lemmy.world 5 points 1 day ago (1 children)

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.

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[–] Kellenved@sh.itjust.works 129 points 2 days ago (3 children)

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

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[–] Valmond@lemmy.dbzer0.com 10 points 1 day ago (1 children)

It's like a tax on stupidity.

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[–] Quexotic@infosec.pub 17 points 1 day ago

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

[–] prime_number_314159@lemmy.world 5 points 1 day ago (1 children)

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.

[–] NullPointerException@lemmy.ca 81 points 2 days ago (14 children)

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.

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[–] Bleys@lemmy.world 41 points 2 days ago (1 children)

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

[–] GalacticSushi@lemmy.blahaj.zone 44 points 2 days ago (1 children)

For anyone wondering, she's a conservative influencer who worked with BlazeTV, Toilet Paper USA, contributed opinion pieces to RT and, unsurprisingly, has ties to the Russian government.

[–] SkyezOpen@lemmy.world 23 points 2 days ago

More specifically, she and her husband founded tenet media, who ACTUALLY FOR REALS laundered Russian money to shitheads like Tim pool and Dave rubin.

[–] samus12345@sh.itjust.works 43 points 2 days ago (2 children)

How the hell is it even worth $155?

[–] markkkkkk@lemmy.zip 3 points 1 day ago

I’m not sure it’s worth $155 cause then it was the bored Ape that was trending but it lost it values drastically.

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[–] m3t00@lemmy.world 1 points 1 day ago

not f'n there

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