Also... Disney Plus Day :stalin-stressed:
Yeah it’s a no brainer, make something at near zero cost and sell it to some dipshit for tens or hundreds of thousands
I mean, they don't cost zero money. They cost like $50 a pop to mint.
$50 to mint to sell nothing for $10k is much better than securing contracts with manufacturers and managing supply lines.
At least with chunko pops you have a physical thing that you own and can do whatever you want with it. With NFTs you don't even own the dumb art.
funkopops are worthless but still work and exist when the lights or internet go out
It's the culmination of several factors. A shift in political/financial power from NYC to The Bay Area. Traditional financial instruments having increasingly diminished returns. The stock market doing too well is actually bad because it means everything is more expensive and you can't make money without big rises or falls. The boom in retail trading thanks to smart phones and gamified trading apps.
If anyone seriously wanted to make NFTs to scam people, this is probably your last chance. Once the big corporations get a hold of it, they'll try to start shutting everyone else out, especially if it works and makes them money. Just like what happened to the internet as a whole. Instead of it being the wild west where everyone and their brother has a crypto scheme, it'll just be a few big companies giving you access to a kiddie pool.
The virgin pet cemetNFT: :cheems:
The chad giving your dog an entire subreddit where they live on in multimedia: :swole-doge:
I think I've gone into this before here , but one of the workarounds silicon valley types have been floating the past couple of decades to neutralize privacy concerns is to tokenize your data in order to require companies to pay you for access. The idea being you get a micropayments while they continue to abuse your data and the system continues exploiting us while we get the warm fuzzy feeling of knowing we're getting something out of the transaction. I think a lot of the hype around NFTs by corporations is to normalize the idea of us all "making money" on the blockchain in an effort to pave the way for something like that.
I've heard IRL people talk about it, but mostly in a resigned "this is a thing now". Some radio-hosts called it the next great way of ditributing art.
The NFT hype is causing Eth to pump and the Eth price is causing FOMO for these losers to jump in/cashout before it pops.
First we got Amazon Prime Day, now Disney Plus Day. Holidays are gonna wind up like CFB bowl games. First there was Rose Bowl, Orange Bowl, Sugar Bowl. Then the bowls gave the corporations an inch and they took 500 miles. Now every bowl has corporate sponsor in the title, and some are just straight up corporate names. The Bell Helicopter Bowl, the Lending Tree Bowl, the Outback Bowl...
"immortalized as NFT artwork"
Right-click and save. And now its immortalized on my storage drive:sicko-beaming:
Disney plus day
Characters immortalised as NFT artwork
This is the future techbros want
buying an NFT from Disney of a fictional father abusing his son
is anything more :amerikkka:
All those massive corporations jumping on crypto worries me for the economy. They definitely know shits about the get super fucked.
"you mean we can sell nothing and people are paying thousands of dollars for their proof-of-nothing receipt?"
I'm not worried. This is a smart move by Disney. They're inventing worthless assets out of thin air and liquidating them at insane profits before the flood destroys the entire market. The NFT bubble might burst faster as a result.
Ah yes, I love it when all of the massive media companies with global reach make a pact with each other to rapidly legitimize a Ponzi scheme.
I wonder what the person currently holding the lathe will dream up next.
have we found how the petit bourgeois get mown down this time around?
and here I thought it was too dumb to work
