this post was submitted on 10 Jan 2024
234 points (93.3% liked)

Technology

60090 readers
5363 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
234
X removes support for NFT profile pictures (techcrunch.com)
submitted 11 months ago by [email protected] to c/technology
40 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Nobody 13 points 11 months ago (2 children)

While the value of some of the high-priced tokens such as the Bored Ape Yacht Club (BAYC) has plummeted from its peak, the NFT market has shown a sign of recovery in the last few months with trade volumes exceeding $1.6 billion according to NFT aggregator CryptoSlam.

Who is still falling for this scam? Even Xitter is Xitting on NFTs at this point, and morons are still buying them.

[–] ugjka 7 points 11 months ago

Err, isn't it just mostly criminals doing various criminal schemes using NFTs as a tool?

[–] [email protected] 2 points 11 months ago

It was never a scam, it was always a successful money laundering operation for the rich while covid had all the real galleries closed. It did exactly what it said on the tin. It’s just unfortunate that some people thought it was a real economy to begin with. Either way, good riddance.