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this post was submitted on 17 Aug 2023
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[Bored Ape NFTs can now be purchased for just $50,000 each.]
You can also buy my special doodles for $12 million each.
Oh it's even stupider than that.
In most cases it's, A. Just a link which happens to be a jpg. Which means it the website wants to change the jpg they can or if the website goes down it points nowhere.
Or B. Just a hash, which might supposed to be a unique representation of a specific image, but really is just a string of characters, so different sites might disagree what that image is.
If you're talking about an IPFS hash, That's a hash based on the image's content on a very specific network. The same image content will always hash to the same key.
NFT's were actually a very clever plot put together by us starving artists to combat the hordes of choosing beggars that infest the internet. We all knew it was a scam, just like limited edition glichee prints, but there hasn't been a time in history when artists made enough money not to have to scam folks to survive, so we figured we were more than justified taking the tech-bros for a ride.
What kind of idiot do you think I am?
I won’t pay a penny more than $10 million.