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Purchasers of worthless digital monkeys sue worthless digital monkey auction house after realizing that worthless digital monkeys are worthless (arstechnica.com)

submitted 1 year ago* (last edited 1 year ago) by LeanFemurs@lemmy.world to c/leopardsatemyface@lemmy.world

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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.

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[-] Treczoks@lemmy.world 21 points 1 year ago

I don't even understand how someone could fall for NFTs. It was so obviously a stupid, broken concept from the very beginning, it hurts to know that anyone actually was so dumb spent money on this.

[-] Rawdogg@lemm.ee 12 points 1 year ago

Conmen typically target people of low intelligence in scams because it increases the chances of said scam being successful, like the classic Nigerian Prince scam littered with spelling inaccuracies aimed at duping the idiots.

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this post was submitted on 17 Aug 2023

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