"We're a community of Olive Garden fans" :michael-laugh: least deranged Americans
so I am buying a photograph?
no, you don't even get the picture :data-laughing:
Paying to own the concept of owning the concept of an olive garden.
:amerikkka-clap:
So what are they even buying if they don't even own the picture ?
You're buying the (completely unofficial) concept of owning a specific Olive Garden, in the form of a line of code on a ledger.
This is why people go crazy over NFTs. It is just so insanely dumb but how can it be if people pay money for them.
They finally found out how to introduce the private property contradiction to the digital commmons
you own a receipt of you purchasing the receipt, that is then stored on the blockchain
if that sounds completely unhinged, then you've understood it perfectly
I mulled this over for several minutes before deciding there is no answer :agony-soviet:
You buy the right to be left holding the bag. There's nothing in the bag but it has a picture of a US chain restaurant on it.
you are buying the fever dream that you will totally own an actual olive garden when the people behind this buy out the company behind the restaurant chain
im not kidding
Stage 7: Use project funds to complete leveraged buyout of Darden Restaurants, Olive Garden’s parent company. Upon successful completion, all NFOG franchise owners will now own real Olive Garden franchises.
ahh yes, after doing that they'll definitely make good on their promise to give you an olive garden that you definitely, totally own, we pinky swear.
“We‘re not gonna sell you ownership of this photograph at this point in time but in a few years we‘ll totally hand you ownership of a fucking restaurant despite having no legal obligation to do so just trust us on this one.“
🇮🇹 Stage 7: Use project funds to complete leveraged buyout of Darden Restaurants, Olive Garden's parent company. Upon successful completion, all NFOG franchise owners will now own real Olive Garden franchises.
there is no way the people behind this or even the people buying into it actually believe this will happen, i refuse to believe that
And yet, all of them sold out at a starting price of $100, and one of them was resold for $800. This is a post-joke society.
Of all the fucking restaurants you could hypothetically fake own, and they choose fucking Olive Garden
brb, starting an NFT where you fake-own a defunct Radio Shack
For a million dollars you get a picture of a Radio Shack that operated back in 1998.
Since NFTs don’t grant ownership, do you need permission from the owners of a thing to make an NFT of it? Like could I make an NFT of world landmarks and sell “an NFT of the Eiffel Tower?”
I doubt it, this particular scheme seems to have multiple layers, ie take a photo of a real Olive Garden -> create that Olive Garden in the Metaverse (??? I have literally no idea how this part works, this Metaverse shit makes absolutely no sense to me) -> sell an NFT of that Metaverse Olive Garden
I don't think a trade mark lawyer would be too happy about things like this.
https://news.bitcoin.com/ovr-the-eiffel-tower-non-fungible-token-has-been-sold-for-38-eth/
We need to mint an NFT series of other peoples' NFT series. Imagine how much one of these nerds would pay for a token that points to the Bored Ape website.
Granting owners no rights or privileges in meatspace Olive Gardens
meatspace
...
meatspace
M E A T ... S P A C E
THEY CALL REAL LIFE THE FUCKING MEATSPACE?!
:scared:
pretty sure i remember people using it in the late 2000s so i think it's a fair bit older than that
this is burying the lead. they're promising non-fungible breadsticks :michael-laugh:
"Italian food"
My local pizza place has more authentic Italian food and they're run by a very nice Lebanese family.
You know how theaters have people’s names on the seats sometimes from when people have made generous donations without expecting anything in return? That’s NFTs
