Darkard@lemmy.world
on 07 Sep 2024 10:54
nextcollapse
Don’t worry bro, demand for the receipt that says you own a small picture will skyrocket any day now bro.
gerikson@awful.systems
on 07 Sep 2024 11:25
nextcollapse
Tally Labs launched a project called The Writers Room, which let holders of an associated NFT project dictate storytelling elements. That led to the creation of an Ape-focused novel written by Neil Strauss, a New York Times bestselling author.
Somehow I had not heard of this particular idiocy.
dgerard@awful.systems
on 07 Sep 2024 13:18
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Strauss is the guy who wrote about pick-up artists.
V0ldek@awful.systems
on 07 Sep 2024 17:44
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So the NFT novel is a step up.
SonicDeathTaco@lemm.ee
on 07 Sep 2024 11:45
nextcollapse
“investment”
radicalautonomy@lemmy.world
on 09 Sep 2024 05:44
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I’da gotten in on them were my money not all tied up in Beanie Babies. I gonna hodl until they bounce back so I can finally retire.
SonicDeathTaco@lemm.ee
on 09 Sep 2024 12:55
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Maybe you wouldn’t be stuck with a bunch of worthless stuffed animals if you invested in an asset with sound fundamentals, for example GameStop stock.
radicalautonomy@lemmy.world
on 10 Sep 01:12
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To da moooooon!
gigachad@sh.itjust.works
on 07 Sep 2024 12:18
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I find it really impressive it is only 93%. This implies there are still people who buy this crap
JustTesting@lemmy.hogru.ch
on 07 Sep 2024 13:56
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Not necessarily, as I understand, the floor price is just theld buy one at. i could make a new nft, list it at 500 billion and that would be the floor price, even if no trade ever happens.
There’s also some stuff where the nfts get used as collateral for loans without any intention to pay back the loan. The borrower defaults, keeps the money, the lender is stuck with a useless nft. No actual sale happened, so the floor price didn’t move, even though the loan was likely for less than the floor price.
Crypto is full of this kind of misleading metrics, same as market cap
LEDZeppelin@lemmy.world
on 07 Sep 2024 12:27
nextcollapse
People are still “investing” in Donald Trump and melania’s NFTs
✔️ weird
✔️ for the rich (and money launderers)
✔️ out-of-touch
How could Trump not love NFTs?
nick@midwest.social
on 07 Sep 2024 12:30
nextcollapse
Good.
swlabr@awful.systems
on 07 Sep 2024 13:25
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NFT related art really normalised shit art, paving the way for gen AI
Crackhappy@lemmy.world
on 07 Sep 2024 16:46
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If you bought NFTs you lost some brain cells.
Evinceo@awful.systems
on 07 Sep 2024 17:07
nextcollapse
You’ve lost 93% of your investment so far
<homer.jpg>
Swarfega@lemm.ee
on 07 Sep 2024 17:31
nextcollapse
I hated how loads of companies appeared out of nowhere to cash in on this. I feel for people who tried to make an investment hoping it will be the next Bitcoin. I’m really glad it died on its arse though. Pretty sick of seeing shit images of cartoon dogs and monkeys.
BakerBagel@midwest.social
on 07 Sep 2024 22:24
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You mean the thing that loses 80% of it’s value every 4 years?
dog_@lemmy.world
on 07 Sep 2024 17:53
nextcollapse
Lol
hate2bme@lemmy.world
on 07 Sep 2024 18:13
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Surprising part to me is that there is actually some monetary value left to these.
ace_garp@lemmy.world
on 07 Sep 2024 22:20
nextcollapse
Dreamed up by the utterly deranged.
Alphane_Moon@lemmy.world
on 08 Sep 2024 21:20
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sailor_sega_saturn@awful.systems
on 09 Sep 2024 05:05
nextcollapse
Yes but consider that $429,000* dollars is a small price** to pay for free*** entry to ApeFest.
* Valuing ApeFest tickets at a few hundred dollars this would only take you a millennium to be in the black. But really it’s more about the exclusivity.
** Oh and you have to hang out with other Ape Holders. Oh and also may get your retinas sunburned from unsafe UV lights.
** Supplies limited. Travel to whatever random corner of the earth they chose not included.
Oh and you have to hang out with other Ape Holders. Oh and also may get your retinas sunburned from unsafe UV lights.
Ouch, that sounds painful. Can’t I just get the retina burn without the having to hang out with Ape Holders part?
sailor_sega_saturn@awful.systems
on 09 Sep 22:12
collapse
The easiest way is to look at the sun. I did this and other stupid things (like staring into flashlights) as a kid, and my vision is mostly* normal so I clearly didn’t try very hard.
* Some light visual snow
NigelFrobisher@aussie.zone
on 09 Sep 2024 10:02
collapse
I’m about to make back all my losses and some from investing in AI. You can’t win if you don’t play.
threaded - newest
Don’t worry bro, demand for the receipt that says you own a small picture will skyrocket any day now bro.
Somehow I had not heard of this particular idiocy.
Strauss is the guy who wrote about pick-up artists.
So the NFT novel is a step up.
“investment”
I’da gotten in on them were my money not all tied up in Beanie Babies. I gonna hodl until they bounce back so I can finally retire.
Maybe you wouldn’t be stuck with a bunch of worthless stuffed animals if you invested in an asset with sound fundamentals, for example GameStop stock.
To da moooooon!
I find it really impressive it is only 93%. This implies there are still people who buy this crap
Not necessarily, as I understand, the floor price is just theld buy one at. i could make a new nft, list it at 500 billion and that would be the floor price, even if no trade ever happens.
There’s also some stuff where the nfts get used as collateral for loans without any intention to pay back the loan. The borrower defaults, keeps the money, the lender is stuck with a useless nft. No actual sale happened, so the floor price didn’t move, even though the loan was likely for less than the floor price.
Crypto is full of this kind of misleading metrics, same as market cap
People are still “investing” in Donald Trump and melania’s NFTs
✔️ weird
✔️ for the rich (and money launderers)
✔️ out-of-touch
How could Trump not love NFTs?
Good.
NFT related art really normalised shit art, paving the way for gen AI
If you bought NFTs you lost some brain cells.
You’ve lost 93% of your investment so far
<homer.jpg>
I hated how loads of companies appeared out of nowhere to cash in on this. I feel for people who tried to make an investment hoping it will be the next Bitcoin. I’m really glad it died on its arse though. Pretty sick of seeing shit images of cartoon dogs and monkeys.
You mean the thing that loses 80% of it’s value every 4 years?
Lol
Surprising part to me is that there is actually some monetary value left to these.
Dreamed up by the utterly deranged.
And the corrupt.
see, bro, it's the perfect asset, bro. it can only go down 7% ever - mathematically, bro - but it can go to da moooooon!
(do i need that /s?)
Dat /s
1 Ape = 1 Ape
Not with multiple slurp juices!
I’ll let you figure out the value of Ape if one Ape equals multiple Apes.
You better not be funging those apes
Yes but consider that $429,000* dollars is a small price** to pay for free*** entry to ApeFest.
* Valuing ApeFest tickets at a few hundred dollars this would only take you a millennium to be in the black. But really it’s more about the exclusivity.
** Oh and you have to hang out with other Ape Holders. Oh and also may get your retinas sunburned from unsafe UV lights.
** Supplies limited. Travel to whatever random corner of the earth they chose not included.
Ouch, that sounds painful. Can’t I just get the retina burn without the having to hang out with Ape Holders part?
The easiest way is to look at the sun. I did this and other stupid things (like staring into flashlights) as a kid, and my vision is mostly* normal so I clearly didn’t try very hard.
* Some light visual snow
I’m about to make back all my losses and some from investing in AI. You can’t win if you don’t play.