Permanently Deleted

  • EthicalHumanMeat [he/him]
    ·
    edit-2
    3 years ago

    Can somebody explain to me why all these companies are pushing NFTs? I don't have the slightest idea what the purpose of all this bullshit is. Sincerely trying to understand.

    Looking for specifics, not "because they have nerd brain" or "because capitalism" or whatever.

    • Abazaba [he/him]
      ·
      3 years ago

      Because the execs hear that nft's are all the rage + they cost nothing to make while bringing in stupid amounts of profit.

    • fox [comrade/them]
      ·
      3 years ago

      They cost basically nothing to make and can be sold as speculative assets for enormous sums based on astroturfed hype only.

    • Frank [he/him, he/him]
      ·
      3 years ago

      The rate of profit on traditional investments is so slim right now that the only way to squeeze more money out of the economy is creating crisis to exploit or gambling on some idiot being dumb enough to buy the nft you were dumb enough to buy.

    • ToastGhost [he/him]
      ·
      3 years ago

      jumping on some nonsense hype early in hopes of shaping it into something that makes them money