this post was submitted on 29 Mar 2024
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chapotraphouse
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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?
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.
So they really are all worthless now?
After all that? If so...