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The funniest thing about NFTs is all the real companies that fell for that shit (hexbear.net)

submitted 1 year ago* (last edited 1 year ago) by Dirt_Owl@hexbear.net to c/chapotraphouse@hexbear.net

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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.

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[-] h3doublehockeysticks@hexbear.net 1 points 1 year ago

Youre mistaking cause and effect a bit. NFTs were invented to give cryptocurrency and the blockchain a use case

[-] Awoo@hexbear.net 4 points 1 year ago

Oh I'm not. I'm just saying that they wouldn't be popular at all without the fomo that bitcoin has created. Truly just a 10k investment in bitcoin, which would be peanuts to some of these millionaires, would have resulted in billions in return. They know that and do feel like they missed out so their reaction to nfts is specifically tied too bitcoin's success (in increasing in value) itself.