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honest.abe

(9,238 posts)

7. This is a bit misleading. Any idiot can mint an NFT so its no surprise most are worthless.

Reply to Yavin4 (Original post)

Fri Sep 22, 2023, 08:24 AM

Sep 2023

The high priced NFTs like the goofy monkeys collection are still retaining their value somewhat.

https://opensea.io/collection/boredapeyachtclub

Just to be clear I think the whole concept of NFTs is absurd but this article is misleading and click bait.

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Highlight:

Recall when NFTs sold for millions of dollars? 95% of the digital collectibles may now be worthless. [View all] Yavin4 Sep 2023 OP

How stupid would you have to be to invest in this scam? OAITW r.2.0 Sep 2023 #1

No different than people investing in Beanie Babies MichMan Sep 2023 #2

Or tulip bulbs. Our belief in magical money almost defines us. TreasonousBastard Sep 2023 #5

With tulip bulbs, you have a garden. With NFT, not even compost. Hekate Sep 2023 #12

Not really... Happy Hoosier Sep 2023 #6

At the end of the Beanie Baby fad, you have cute stuffed toys for the grandkids Hekate Sep 2023 #11

Seems that the supply of Greater Fools is not unlimited. Who knew? Girard442 Sep 2023 #3

They could have protected their investment by purchasing Buns_of_Fire Sep 2023 #4

This is a bit misleading. Any idiot can mint an NFT so its no surprise most are worthless. honest.abe Sep 2023 #7

What a surprise, eh? MineralMan Sep 2023 #8

I always thought it was a way to launder money. Baitball Blogger Sep 2023 #9

+100000 Yavin4 Sep 2023 #10