The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

    • UlyssesT [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      9
      ·
      10 months ago

      an inherent disconnect in what you believe an NFT is

      It’s an associated grift peddled by the same people. The difference is that one is a currency and the other is a purchased space on a ledger that is often associated with a picture or some other supposed virtual asset with a vague promise that rent-seeking profitability may happen when it becomes universally recognized as a virtual asset, which hasn’t happened and may never happen because each ledger is independent and there is no obligation for them to recognize other tokens.

      Also, your “all electricity use is equal” claim is utter steaming bullshit.

      https://www.wired.com/story/nfts-hot-effect-earth-climate/