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The funniest thing about NFTs is all the real companies that fell for that shit (hexbear.net)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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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.

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[–] [email protected] 30 points 1 year ago

It's funny "ha-ha" but also funny "damn this sucks dude".

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

That's one of the big things I think the NFT craze highlighted. When the suits at MEGACORPS saw a potential way to make money off intellectual property they jumped at it. IP law is really bad, and IP financialization is even worse. They thought they saw a whole new way to create new sort of "premium" product and they all went feral like they were consumed Spirit of Greed from Weird West. They really believe they could make a gazillion dollar from nothing, they either truly thought that or convinced themselves that they did.

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.

Big time! It also really highlighted how everyone is despite to get out of the capitalist trap. I really felt kinda bad for regular people who got duped into NFTs and crypto as a whole. I'm not trying to say they are dumb people or have no agency, just saying lots of regular people lost their hard earned cash cause they bet on NFTs and crypto being "the future". Lots of regular people lost cash on the Robinhoods, the Coinbases, and the crypto dotcoms of the world. All of the "smart" "business people" were telling you NFTs and crypto was the future. Just yet another vampire scheme to siphon the lifeforce from working people =,