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.

  • Awoo [she/her]@hexbear.netEnglish
    10·
    1 year ago

    They saw what happened to cryptocurrency and they were not willing to pass on the next new thing called “crypto” using a similar technology. With bitcoin producing results many tens of thousands of percent in increased value it was something they were all willing to commit to.

    Had cryptocurrency not happened the NFT concept simply wouldn’t have drawn the interest it did.

    • redtea@lemmygrad.mlEnglish
      4·
      1 year ago

      Anyone who wants to make their money back, I can sell you some cryptonight. It’s based on DLT and lets you exclusively own some night time. If my sources are right, it’s about to take off big. Especially if you’re in the northern hemisphere—if you buy now, you can sell it to Australians straight after for more than you paid because their nights are getting shorter while yours are getting longer. You don’t want to miss out, do you?

      • Awoo [she/her]@hexbear.netEnglish
        4·
        1 year ago

        Oh I’m not. I’m just saying that they wouldn’t be popular at all without the fomo that bitcoin has created. Truly just a 10k investment in bitcoin, which would be peanuts to some of these millionaires, would have resulted in billions in return. They know that and do feel like they missed out so their reaction to nfts is specifically tied too bitcoin’s success (in increasing in value) itself.