The Sotheby’s auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021.
The Sotheby’s auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021.
I don’t even understand how someone could fall for NFTs. It was so obviously a stupid, broken concept from the very beginning, it hurts to know that anyone actually was so dumb spent money on this.
Conmen typically target people of low intelligence in scams because it increases the chances of said scam being successful, like the classic Nigerian Prince scam littered with spelling inaccuracies aimed at duping the idiots.
Seth Green was literally going to make a TV show about his worthless scam. Like, bruh, you made Robot Chicken and have been on Family Guy for 24 years. Are you actually out of ideas?
He wanted to use it as a mascot and written off the purchase as a business expense that would also gather value because now his bored ape has a show. Tons of advertising for the ape, in the form of the show, that he flips his 300k purchase for millions would normally be a smart investment except NFTs spoil all good things.