this post was submitted on 04 Sep 2023

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chapotraphouse

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The funniest thing about NFTs is all the real companies that fell for that shit (hexbear.net)

submitted 2 years ago* (last edited 2 years ago) by Dirt_Owl@hexbear.net to c/chapotraphouse@hexbear.net

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The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

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[–] CthulhusIntern@hexbear.net 8 points 2 years ago* (last edited 2 years ago)

To put it simply, NFTs are crypto that hav a URL to some other thing attached to them.

As soon as the site that hosts bored ape images goes down, the ape people will have a bunch of 404 errors that cost them tens of thousands of dollars.