this post was submitted on 29 Mar 2024
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chapotraphouse

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submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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[–] [email protected] 20 points 1 year ago (6 children)

I never did understand NFTs. What happened to them? I know everyone here clocked them immediately for the obvious scams they are, but of course there were celebrities swearing by them and talk of them was everywhere and unavoidable. Now I don't hear a peep about them. My hope is that this is because every rich fuck or cryptobro who swore by them has been driven into the kind of financial despair they always mocked. Is that true? Are all the mid-to-low level NFT connoisseurs now destitute or at least dispossessed of much of their ill-begotten wealth that they had accumulated before going all in on NFTs? Are NFTs 100% dead now (thank Allah), or is there a chance these dipshits will push hard enough that there will be some kind of a resurgence?

[–] [email protected] 15 points 1 year ago (2 children)

The "value" of the NFTs was tied to the value of the coins (almost always etherium) on the chain on which they were minted. The hammer came down on FTX which was the primary company propping up the bezzle bringing down the hanger-on scams with it.

[–] [email protected] 8 points 1 year ago

Eth is actually not far off from its all time high value im pretty sure. FTX was just one of many hype bros scamming.

[–] [email protected] 7 points 1 year ago

So they really are all worthless now? che-smile After all that? If so...

stalin-feels-good

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