The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations
Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.
Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.
Would anyone care to explain the difference between NFTs and crypto? Or more specifically, why crypto still has some following since both are the same grift.
If you wanna get precise, NFTs are crypto that you can’t use to buy anything. Of course, in real life you can hardly use crypto to buy anything either, so it’s all just variations on the tulip bulb.
An NFT is a receipt in crypto. Instead of an entry to the block chain that says -1 coin for you +1 for me, you have an entry that says someone paid for ‘https://hexbear.net/PPB’. And its all text, just the URL. If the URL becomes invalid
To put it simply, NFTs are crypto that hav a URL to some other thing attached to them.
As soon as the site that hosts bored ape images goes down, the ape people will have a bunch of 404 errors that cost them tens of thousands of dollars.
an nft is someone using crypto to write on a ledger that you own a link to something like an image. basically if you paid me $10 to write down on a piece of paper that you owned the mona lisa that would be an analogue nft. It’s non fungible because if I wrote down that you owned the mona lisa and also that you owned a portrait of the artist as a young man each note would refer to you owning the specific painting
cryptocurrency is the answer to the question what if you wanted to buy gold but were also an idiot
One is internet funny money.
The other is a purchased spot on an internet database registry, often associated with a picture (that can be right clicked and saved so its not like you own the picture anyway).
Both are grifts that rip off credulous people because both grifts promise to make the sucker rich.