this post was submitted on 17 Aug 2023
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Leopards Ate My Face

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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.

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[–] [email protected] 32 points 1 year ago (19 children)

You're vastly overestimating the reasoning ability of prospective NFT buyers.

They couldn't accurately identify a picture. Instead of concluding "I can just copy and paste this", they overrode their common sense to convince themselves that a digital picture of a monkey was unique. Unerringly, truly, exceptionally unique. A digital monkey picture.

It's pretty great. NFT dimbulbs are the flat earthers of crypto.

[–] Pipoca 25 points 1 year ago (10 children)

NFTs remind me a lot of the international star registry.

You're paying someone a lot for them to record some unofficial bragging rights in some unofficial database that literally no normal person cares about.

[–] [email protected] 9 points 1 year ago (2 children)

Wait...but the star is named after ME. It's mine, right?

[–] klyde 14 points 1 year ago (1 children)
[–] [email protected] 4 points 1 year ago

Omigod how do you know my name? Do you work for the star people?

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