• @[email protected]
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    592 months ago

    I find it really impressive it is only 93%. This implies there are still people who buy this crap

    • @[email protected]
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      252 months ago

      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

  • @Darkard
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    372 months ago

    Don’t worry bro, demand for the receipt that says you own a small picture will skyrocket any day now bro.

  • @[email protected]
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    252 months ago

    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.

  • @hate2bme
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    202 months ago

    Surprising part to me is that there is actually some monetary value left to these.

    • @radicalautonomy
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      72 months ago

      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.

      • @[email protected]
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        42 months ago

        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.

  • @ace_garp
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    162 months ago

    Dreamed up by the utterly deranged.

  • @LEDZeppelin
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    152 months ago

    People are still “investing” in Donald Trump and melania’s NFTs

    • @[email protected]
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      122 months ago

      ✔️ weird
      ✔️ for the rich (and money launderers)
      ✔️ out-of-touch

      How could Trump not love NFTs?

  • @chemical_cutthroat
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    132 months ago

    Diamond hands, guys. Everything moves in cycles. Bored Apes will be like Bell Bottoms. Give them 30, maybe 60 years at the top end, and we’ll be landing on the moon.

  • @[email protected]
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    92 months ago

    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.

  • @Crackhappy
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    82 months ago

    If you bought NFTs you lost some brain cells.

  • Dog
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    62 months ago

    Lol