0

Lawsuit: Sotheby's $24M sale to FTX gave Bored Ape NFTs "an air of legitimacy."

top 3 comments
sorted by: hot top controversial new old
[-] Poggervania@kbin.social 2 points 1 year ago* (last edited 1 year ago)

It’s hella malicious, but I sincerely hope this lawsuit gets tossed or these people lose if it goes through.

Those people played the bag holding lottery and lost hard. They were not scammed because they chose to listen to all the shills instead of doing their DD on a financial decision that they knew next to nothing about. If they did, then they would know NFT art and crypto is pretty much all hype with no intrinsic or physical value to actually back those things.

[-] beejjorgensen 1 points 1 year ago

The defense will probably be pointing out that a lot of people chose not to buy...

[-] magnetosphere@kbin.social 1 points 1 year ago* (last edited 1 year ago)

For a moment, I was thinking that it’s easy to criticize NFTs with the benefit of hindsight. After all, throughout history, how many things were looked at as a fad or a waste of money before becoming huge?

Then I remembered that people weren’t just griping about NFTs because they were new and different. Reasonable people had been making rational, educated criticisms of NFTs since day one. None of this was unexpected. NFTs turned out to be exactly the kind of scam that most people thought they were.

this post was submitted on 17 Aug 2023
0 points (NaN% liked)

Technology

165 readers
1 users here now

This magazine is dedicated to discussions on the latest developments, trends, and innovations in the world of technology. Whether you are a tech enthusiast, a developer, or simply curious about the latest gadgets and software, this is the place for you. Here you can share your knowledge, ask questions, and engage in discussions on topics such as artificial intelligence, robotics, cloud computing, cybersecurity, and more. From the impact of technology on society to the ethical considerations of new technologies, this category covers a wide range of topics related to technology. Join the conversation and let's explore the ever-evolving world of technology together!

founded 2 years ago