this post was submitted on 11 Mar 2026
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[–] BlackLaZoR@lemmy.world 1 points 33 minutes ago* (last edited 33 minutes ago)

Also worth noting. The Bored Ape Yaht Club NFTs (in the thumbnail) were released by 4chan trolls with Nazi symbolism hidden in some of them. This was the most successful NFT project of them all.

[–] phutatorius@lemmy.zip 3 points 1 hour ago

Speculating on the value of an investment based on an asset that doesn't exist is similar to scammers offering to sell certificates of ownership of dogs' souls.

Capitalism tends over time to create increasingly abstract forms of ownership. And what could be more abstract than ownership of something that isn't there at all? They're selling GUIDs that point to nothing.

[–] ordnance_qf_17_pounder@reddthat.com 1 points 48 minutes ago (1 children)

I need to come up with my own scam to rinse rich idiots.

[–] Agent641@lemmy.world 1 points 43 minutes ago

I'm working on the grift of all gifts, if you want in, you can buy shares of my grift for $100 each.

[–] lechekaflan@lemmy.world 4 points 2 hours ago

That was the most goddamn awful thing ever seen. Where are those shitheads who first sold the fucking idea?

[–] sveltecider@lemmy.ca 16 points 7 hours ago

This is the least surprising thing ever

[–] BarneyPiccolo@lemmy.today 40 points 12 hours ago (1 children)

If you weren't using them to launder money for a criminal enterprise, then you were doing them wrong.

[–] NotAnonymousAtAll@feddit.org 15 points 11 hours ago

... ~~doing them wrong~~ falling for a scam.

[–] Sam_Bass@lemmy.world 7 points 10 hours ago

Its not worth a single cent in reality

[–] billwashere@lemmy.world 37 points 14 hours ago

The whole NFT thing was one giant pump and dump.

[–] Siegfried@lemmy.world 11 points 13 hours ago

Who could have thought it?

[–] ExLisper@lemmy.curiana.net 120 points 21 hours ago (4 children)

Everyone comment how much did they lose on NFTs.

I will start: $0.

[–] YesButActuallyMaybe@lemmy.ca 50 points 20 hours ago (2 children)
[–] Simulation6@sopuli.xyz 4 points 11 hours ago

Damn, I lost twice as much as you did.

[–] BassTurd@lemmy.world 48 points 19 hours ago (3 children)

I found value in shitting on people buying them. $0 monetary gain, but at least $10 in schadenfreude.

[–] Wilco@lemmy.zip 35 points 18 hours ago (3 children)

I trolled people by setting their NFT as my avatar in the chat rooms they were in. Im going to value that at $100.

[–] Trigger2_2000@sh.itjust.works 7 points 12 hours ago

Best use of an NFT I've ever heard of!

[–] VoiHyvaLuojaMitaNyt@lemmy.world 6 points 14 hours ago

I've been watching a lot of Antiques Roadshow clips and I imagined one of the appraisers doing a valuation of your shenanigans.

"You bought this magnificent piece sillyness when and for how much?"

"oh I just copypasted it to my profile for no money at all"

"Well that was very good deal indeed, because on in todays money the entertainment value alone is in the hundreds of pounds."

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[–] fierysparrow89@lemmy.world 24 points 16 hours ago (23 children)

As with everything crypto this was a huge scam. Besides the obvious profiting from gullable idiots, the other use case is to illegally funnel money.

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[–] bonenode@piefed.social 205 points 22 hours ago (3 children)

Isn't it pretty obvious this was 99% a money laundering scheme?

[–] Lucidlethargy@sh.itjust.works 2 points 3 hours ago

Only to people with brains.

[–] timroerstroem@feddit.dk 274 points 22 hours ago* (last edited 22 hours ago) (4 children)

That's easy to say with the benefit of hindsight in 2026. However, back in 2021, it was easy to say without the benefit of hindsight.

[–] darkdemize@sh.itjust.works 90 points 22 hours ago

Had me in the first half, not gonna lie.

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[–] shortwavesurfer@lemmy.zip 6 points 13 hours ago

I purchased a really cheap NFT domain that I can link my cryptocurrency wallet address to so that instead of having to type out the 90 character string and get it right, you can type out a human readable domain. Other than that small use case, I've never had any other reason for it. But hey, it's kind of cool. And I don't see why not keep it since I already have it. And as I said, it wasn't that expensive anyway.

[–] galoisghost@aussie.zone 80 points 22 hours ago (13 children)

Under a grand. Is there anyone really stupid enough to think this is still worth anything at all?

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[–] trslim@pawb.social 23 points 19 hours ago (1 children)

A grand is still 1000 dollars too high a price for these things.

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