TradeTheBeal! Posted June 5, 2023 Share Posted June 5, 2023 Link to comment Share on other sites More sharing options...
LD0506 Posted June 5, 2023 Share Posted June 5, 2023 2 Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted June 10, 2023 Share Posted June 10, 2023 Link to comment Share on other sites More sharing options...
Cooked Crack Posted June 11, 2023 Share Posted June 11, 2023 Link to comment Share on other sites More sharing options...
Cooked Crack Posted June 27, 2023 Share Posted June 27, 2023 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted July 5, 2023 Share Posted July 5, 2023 All my apes repossessed 1 Link to comment Share on other sites More sharing options...
dfitzo53 Posted July 5, 2023 Share Posted July 5, 2023 I'm so glad I have no idea what that tweet means. 2 3 1 Link to comment Share on other sites More sharing options...
Corcaigh Posted July 5, 2023 Share Posted July 5, 2023 Crypto bros paid a silly amount of actual money for a JPG. Meanwhile taunting skeptics “enjoy being poor”. Now it turns out m that a currency backed by absolutely nothing is not worth anything. Who could have predicted this? 1 2 Link to comment Share on other sites More sharing options...
Califan007 The Constipated Posted July 5, 2023 Share Posted July 5, 2023 4 hours ago, dfitzo53 said: I'm so glad I have no idea what that tweet means. You stole my line lol... 1 Link to comment Share on other sites More sharing options...
Califan007 The Constipated Posted July 5, 2023 Share Posted July 5, 2023 Ok, I have delved into the NFT token industry. I think these will be the next big thing among NFT tokens: It's a businessman with a tie. Some info about this NFT token: - It's a businessman with a tie. It says that in the NFT token name, too. That's a tie he's wearing. - Only 100 ETHes...priced to sell quickly. - Highest quality NFT token that is for sale. - Created entirely with fresh, handmade pixels. - He's a businessman, so he has a job. - A non-fuggable token Act now, and you can buy 2 tokens for the price of 2. Hurry, before I sell it. ****************************************** Now I just sit back and wait... 2 Link to comment Share on other sites More sharing options...
The Evil Genius Posted July 5, 2023 Share Posted July 5, 2023 Juatin Bieber reportedly lost an estimated $1.2 mil on that dumb Ape NFT. 😁 2 Link to comment Share on other sites More sharing options...
CobraCommander Posted July 5, 2023 Share Posted July 5, 2023 I don't know who profited off those NFT's but a tip of the cap to those genius ****s. 1 Link to comment Share on other sites More sharing options...
Corcaigh Posted July 5, 2023 Share Posted July 5, 2023 (edited) 2 hours ago, The Evil Genius said: Juatin Bieber reportedly lost an estimated $1.2 mil on that dumb Ape NFT. 😁 And there are 10,000 of these “exclusive ape” JPGs. Well worth over $1M. Attached for your convenience. Edited July 5, 2023 by Corcaigh Link to comment Share on other sites More sharing options...
Califan007 The Constipated Posted July 5, 2023 Share Posted July 5, 2023 1 hour ago, Corcaigh said: And there are 10,000 of these “exclusive ape” JPGs. Well worth over $1M. Attached for your convenience. You don't actually buy the art, right?...so you're not buying a jpeg. Which is why nobody doing this really gives much of a **** if you right-click and download the jpg (or at least they shouldn't lol). But if that jpg doubled in value, only the owner could sell it and make money from it...the dudes who screen capture it couldn't sell it because they would have to prove ownership first, unless they hooked in someone naive who didn't bother checking. Link to comment Share on other sites More sharing options...
Corcaigh Posted July 5, 2023 Share Posted July 5, 2023 There are 10,000 badly drawn apes with no real uniqueness and no artistic merit. Why would they appreciate in value? 1 Link to comment Share on other sites More sharing options...
Bang Posted July 5, 2023 Share Posted July 5, 2023 (edited) Art is anything you can get away with ~Marshall McLuhan Edited July 5, 2023 by Bang 1 Link to comment Share on other sites More sharing options...
Corcaigh Posted July 5, 2023 Share Posted July 5, 2023 14 minutes ago, Bang said: Art is anything you can get away with. And 10,000 times ~Marshall McLuhan Link to comment Share on other sites More sharing options...
Califan007 The Constipated Posted July 5, 2023 Share Posted July 5, 2023 (edited) 24 minutes ago, Corcaigh said: There are 10,000 badly drawn apes with no real uniqueness and no artistic merit. Why would they appreciate in value? After Trump's laughable NFT collection lol, I started trying to figure out what these things actually were. Basically, these apes things provide an online identity to the owners (they are used at profile avatars on social media) and I think at least with the apes, the creators were among the first to create NFTs in that regard so there's a bit of legacy factor connected with them. And then--get this--the different "traits" each has plays a role in their value. So maybe 15% have, I dunno...a red t-shirt and 5% have hats on, or whatever. And the more rare the trait combo the higher the value (I'm kinda guessing right here, though lol). And it's not 10,000 individual apes, it's more like 1,000 individual apes with each having an edition run of 10--meaning, 10 different owners for each ape. And there are programs out there that create these types of NFTs and you input what traits to spread out among the resulting NFTs and how rare or how common each should be...etc, etc, yadda yadda... But really it seems to be the arena of dudes who are deeply into crypto and treat collecting NFTs like they are buying and selling stock, which from what little I understood about crypto is how that was working, too. Buy $500 worth of bitcryptodoggydoge...****, whatever lol...and for whatever reason they rise and fall like stocks and then you cash in or sell or whatever you do with them. Actual art is now sold via NFTs as well, though, that has nothing whatsoever to do with traits or online identities or any of that stuff. Edited July 5, 2023 by Califan007 The Constipated Link to comment Share on other sites More sharing options...
Califan007 The Constipated Posted July 5, 2023 Share Posted July 5, 2023 AND!! lol...these pixel ones were selling like hotcakes, too... Which lead to what I did above lol...that was the limit of my ability to create those things, which is damn harder than it looks. Link to comment Share on other sites More sharing options...
Bang Posted July 5, 2023 Share Posted July 5, 2023 I'm thinking this should be merged with the "Owned" thread. ~Bang 3 Link to comment Share on other sites More sharing options...
Cooked Crack Posted July 9, 2023 Share Posted July 9, 2023 Encryption AI rug pulls for $2 million, developer allegedly blames gambling addiction 1 Link to comment Share on other sites More sharing options...
LD0506 Posted August 6, 2023 Share Posted August 6, 2023 5 Link to comment Share on other sites More sharing options...
Cooked Crack Posted August 11, 2023 Share Posted August 11, 2023 Link to comment Share on other sites More sharing options...
Cooked Crack Posted August 12, 2023 Share Posted August 12, 2023 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted August 19, 2023 Share Posted August 19, 2023 Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment Quote The Sotheby's auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021. A Sotheby's auction duped investors by giving the Bored Ape NFTs "an air of legitimacy... to generate investors' interest and hype around the Bored Ape brand," the class-action lawsuit claims. The boost to Bored Ape NFT prices provided by the auction "was rooted in deception," said the lawsuit filed in US District Court for the Central District of California. It wasn't revealed at the time of the auction that the buyer was the now-disgraced FTX, the lawsuit said. "Sotheby's representations that the undisclosed buyer was a 'traditional' collector had misleadingly created the impression that the market for BAYC NFTs had crossed over to a mainstream audience," the lawsuit claimed. Lawsuit plaintiffs say that harmed investors bought the NFTs "with a reasonable expectation of profit from owning them." 3 Link to comment Share on other sites More sharing options...
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