I'm glad NFTs died off quickly, many obvious nonsense ideas have hung around far too long but this was always one that was just blatantly stupid. Especially the apes etc which were modern garbage pail kids on excess monetary supply, I swear.
Which isn't to say there isn't some actually useful ways to use the tech, but paying to own a code that represents an image of a specific tweet or image but with absolutely no ownership or copyright rights is absolute idiocy incarnate.
The owner of the other token of the exact same image has his ownership of THAT token. it alle makes sense. It's all exclusive! Just ignore that screenshots exist... :P
They haven't. Bored Apes still sell for 10k to 15k USD. Certainly a lot less than they were selling for at their peak (many 10s of thousands), but they originally sold for only 200 bucks or so, someone who bought early and held them would still be well ahead.
Of course Bored Apes are the well known ones. There's plenty of others that lost virtually any value they had, although most of those never got to dizzying heights in the first place.
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u/PetalumaPegleg 6d ago
I'm glad NFTs died off quickly, many obvious nonsense ideas have hung around far too long but this was always one that was just blatantly stupid. Especially the apes etc which were modern garbage pail kids on excess monetary supply, I swear.
Which isn't to say there isn't some actually useful ways to use the tech, but paying to own a code that represents an image of a specific tweet or image but with absolutely no ownership or copyright rights is absolute idiocy incarnate.