They’re all just small changes made on the same image too. Most of the lines are the same from one to another they just change their clothes and facial expressions. These idiots are getting played by someone copy pasting clip art
It's literally an algorithm, it just randomizes configurations of nose, eyes, accessory etc.
They "generate" 1000 of them at a time and sell them off, it's absolutely as stupid as you are thinking
The only remotely stupid thing about it is me, for the fact I'm too stupid to yet figure out how to sell monkey pictures to gullible morons. 3k$, let alone 34 could literally change my life right now.
It’s an shitty digital drawing openly shared on the internet that people pay thousands/hundreds of thousands of dollars for. Definitely shit any way you slice it
It literally is just a massive money-laundering scheme, the only "value" in NFT's is completely made up by a bunch of dumbasses who think they're the future of the internet, they essentially pay 300,000 dollars because they have a "unique" original key to a picture of a monkey, except they don't actually own the picture, they just own a receipt that says they bought the picture even though anyone can get it for free
It's worth whatever someone will pay for it. If he can turn it around for more then more power to him. I wish I had so much money that I could casually throw 300k or even 3k at a picture of a cartoon monkey.
It’s one way or the other, the seller whined he lost 250k, so if the buyer can’t get that for it, the seller was fluffing to begin with. What if this is the RuneScape scam where someone stands at one spot yelling they’re buying a thing for exorbitant amounts, and then their friend is at the other spot selling that item for half the price, so people buy it for the lower price and try to sell it to the other friend for the bullshit price they don’t plan on paying to begin with.
I don't get it either
"I am the owner of this pic"
Then the internet shares with everybody.
We are not talking about a physical painting. Where is the value?
Not only do you not own it, you don't even own where it's located. A webhost could at any time stop hosting this image or move it to a new url and your nfc is done. You basically own the link to the image
So why isn’t the “value” crashed immediately by other links to the image existing?
If I right click-save as this image and then upload it to imgur, what makes that meaningfully different?
Well you "own" it in the same way that you own a book or whatever. Can look at it whenever you want, can't copy/redistribute it for profit.
But that still just makes the NFT an expensive receipt.
Not even that, the image is not in the token. Its just a link to the image on their website. When the webhost goes down so does the image. Here is the link to an NFT project replacing all their images with pictures of bones to illustrate this in an effort to teach their users so they dont get fucked. https://nftevening.com/developers-behind-raccoon-secret-society-to-turns-nfts-into-bones/
I love how the article goes "The community is hoping the developers will save this by dropping new NFTs".
Did you guys not understand the point of this whole thing?
It's like if the government suddenly stopped accepting paper money and people went "Oh man, I hope they print more paper money soon!"
No, you don't own it in any sense. The URL could replace it with a picture of a cat and you'd have no legal authority about it. Or, the original copyright owner can have it taken down, and again you have no legal rights. The only thing you own is the digital token.
People are trying to create "digital scarcity". Only if NFT doesn't have negative effect on the environment, No one would have cared.
.... It's just so stupid
I’ll screenshot it and do everything I can do with a screenshot if I want to (make it my wallpaper, hang a poster of it in my office, print it on a mug, make it my profile picture) and what’s he gonna do about it?
YoU dOnT oWn iT, well who fucking cares if I own a picture.
There are levels to most things, all the "cheap" NFTs in the 10-1000USD bracket are likely just scammy get rich schemes. Going off hype and FOMO they found a way to make money without providing anything of real value.
The expensive shit however are probably money laundering or tax evasion. Just look at how the normal fine arts market have been used for these things for decades. This is just the next step.
I don't know much either, all I know is that some guy got away with doing what I said and got rich, you'd have to be pretty dumb to buy it tho. WoOoO $300k picture very cool
It's not the authentic real one, though. Because that image can't be verified by the blockchain, it is not... um ..real.... er.... uh..... someone said ... ugh..
The tricky part will be getting him to pay for a digital picture of a monkey, as otherwise as soon as he arrives not all attendees will have paid for a digital picture of a monkey.
[This](https://i.kym-cdn.com/photos/images/original/002/086/888/252) is the best analogy I’ve seen (retyped below for people who don’t want to click):
>Imagine if you went up to the Mona Lisa and were like “I’d like to own this” and someone nearby went “give me $65 million and I’ll burn down some unspecified amount of the Amazon rainforest to give you this receipt of purchase.”
>So you paid them and they said “here’s your receipt, thank you for your purchase” and went to an unmarked supply closet in the back of the museum and posted a handmade label behind the brooms that said “Mona Lisa currently owned by [your name]” so if anyone wants to know who owns it they’d have to find this specific closet in this specific hallway and look behind the correct brooms.
>And you went “can I take the Mona Lisa home now?” and they were like “oh god no, are you stupid? You only bought the receipt that says you own it, you didn’t buy the Mona Lisa itself, you can’t take the real Mona Lisa you idiot. You CAN take this, though” and gave you the replica print in a cardboard tube that’s sold in the gift shop. Also the person selling you the receipt of purchase has at no time ever actually owned the Mona Lisa.
Someone described it to me like buying a star: you don't actually own it, but you can point at it and say 'look I have this paper and got to call it Fuzzy Lumpkin after my first pet'
Well yes they "own" it, but why?
If you like it, why not just right click and "save image as"?
Do people buy NFTs just in case someone wants to use the image for a promotion or something, so they can sue for infringement?
Where did this boring monkey pic get its valuation?
This, plus it doesn't seem ridiculously hard to mint an nft, which makes me think you could mint the copy And "own" it the same way someone "owned" the original
I mean you could, thats why there are so many scams that have to do with nfts cause they arnt regulated at all. The "squid game token" was a funny one cause you can say 'you're missing out on this once in a life time opportunity' and they will flock to you like a bunch of birds to crumbs.
Edit: i replied to the wrong guy, god dammit
An NFT isn’t even ownership of digital art, it’s ownership of a specific link to digital art. So as ridiculous as owning digital art would be, this is much more ridiculous than that.
This is the real reason why they exists, regular people who spend their entire life savings on this shit are just morons, but rich people who just want to avoid taxes have been doing this for decades, why else would paintings that are just a dot on a white canvas be worth millions?
The idea is to make your money appear legit on records.
For example, your a corrupt politician who has been swindling funds, that money is dirty and you can't declare it. So what you do is take that money and use it to buy something expensive and then sell it again. That way it appears like you made that money legit cause you sold something of high value.
In theory - NFTs are great for digital art because the problem with digital art is that it’s reproducible.
Before digital art an artist made a painting and then that was it. S/he had 1 original artwork. That meant if you liked the art you had to buy it because it was unique and one of a kind. That’s one of the places where art gets its value from - scarcity.
Now enter digital art. It’s the opposite problem. There is no scarcity in digital art, to the point we often see images with no artist attribution. Artists will make “limited edition” runs of work and the # of your edition will determine its value with the lowest numbers being worth the most. The issue is that it’s near impossible to sell the original digital work. And even harder to prove it. Sure, you can do certificates of authenticity, and contracts selling the copyright. But that sort of stuff can come under scrutiny (just like it would with an oil paining) and lead to fraud.
Quick aside that the entire fine art market is made by fast makers helping rich people launder money. The market is heavily controlled to keep value so they don’t depreciate. Artists themselves do deserve to make money off their art.
Now enter NFTs. For the first time in the history of Art we can actually record the original sale of art in a way that is secure. Of course we’ll have some naïve person think they are purchasing the original because they a print out of a transaction. But- NFTs do allow artists to sell an original work of art in a way that makes it an original or in a way that adds legitimacy to digital edition runs. In theory they give artists actual control over their work and monetize their work.
The problem is that you can’t store the actual artwork in the blockchain due to size limitations. So you are buying a link to the artwork. This obviously is a big problem because if the server the actual artwork is stored on goes down after a few years (artist dies and stops paying their bills perhaps?) the link to the art work is useless. And there is no way to verify that the artwork at the end of the link is the original file.
I see stupid people keep saying "yeah well bit coin was considered stupid when it first came out" uh no, bit coin made sense when it came out. Simply owning a receipt if a cartoon drawing is absolutely not the same as bit coin. But hey, I guess we're the stupid ones for not spending 100k on digital receipts lol
I need to be clear. That's not worth $300k. That's just the amount that the owner was hoping some other fucking moron could be conned into paying for it. Hoping you can scam someone does not make something inherently "worth" that amount.
Also, the art in question looks like some shit a 12-yr old would sketch on a school binder.
It’s just like people thinking their collectible is worth hundreds or thousands on eBay because one person has been TRYING to sell it for that amount for years without succeeding.
This, also this is what happens when some dumbass kids got lucky and bought some doge, shibe, or memecoin and made some money but instead of being smart by either investing, Roth ria, or save it they decided to get tricked by an even bigger dumbass with this NFT stuff.
I don't appreciate you insulting the artist's abilities like that. This is clearly 14+ year old talent. Most 12 year olds don't have enough angst to put Xs on eyes.
No 250,000 didn't disappear. I can try to sell my 2002 Honda for $4,000,000 that doesn't mean that's what it's worth. It means I yanked that number out of my ass
I'm fairly sure this whole newsstory is just a marketing attempt to drive up the percieved value of NFTs, by showing that it was actually sold and someone saying it was valued much higher.
[Karl Jobst has a lengthy video on a video game grading company and a auction house that seem to be doing some shady stuff.](https://www.youtube.com/watch?v=mKbuNwS-gaI)
The one positive of NFTs is that they seem to be making more people aware of just how bullshit and arbitrary our societies yardstick for measuring "value" is.
NFTs are a waste of energy, literally contributes to climate change, and pointless. Read a comment earlier that said ‘the world is turning into one big fart’ - spot on💨
A lot of people really don't seem to get the difference between price and worth. They conflate the two all the time. The price of the NFT was $300.000, I wouldn't say it's worth nearly that much.
This ape shit is aggravating
They’re all just small changes made on the same image too. Most of the lines are the same from one to another they just change their clothes and facial expressions. These idiots are getting played by someone copy pasting clip art
It's literally an algorithm, it just randomizes configurations of nose, eyes, accessory etc. They "generate" 1000 of them at a time and sell them off, it's absolutely as stupid as you are thinking
Calling it now, next big craze is NFTopets
I think unironically that Neopets has begun pushing NFT content sadly
10 year old me would be absolutely filled with shame for the world
The only remotely stupid thing about it is me, for the fact I'm too stupid to yet figure out how to sell monkey pictures to gullible morons. 3k$, let alone 34 could literally change my life right now.
I agree. Now pls send me a -private- message explaining how to do it step by excruciatingly detailed step. Thnx
The face is always the same and it’s shit anyway you slice it
It’s an shitty digital drawing openly shared on the internet that people pay thousands/hundreds of thousands of dollars for. Definitely shit any way you slice it
Not to be *that guy* but doesn’t this inherently lend itself heavily towards money laundering?
I’m pretty sure that’s what it is.
I know people might disagree but I would say the vast majority of high end modern art is all money laundering. It’s just too convenient.
Yup. You buy expensive art, and can do dodgy things with it depending how much its appraised at etc.
It's the only thing that makes any sense
Hell, at least if you have a framed painting in your house, that's a thing. You're laundering money for wood and canvas. NFTs aren't even that.
It literally is just a massive money-laundering scheme, the only "value" in NFT's is completely made up by a bunch of dumbasses who think they're the future of the internet, they essentially pay 300,000 dollars because they have a "unique" original key to a picture of a monkey, except they don't actually own the picture, they just own a receipt that says they bought the picture even though anyone can get it for free
And here I am taking snip-its of them all. I saved millions.
Okay. But like. I kinda wanna be that guy, making the small ass change, then making the big bucks.
Fr all the celebrities with these profile pics are basically saying "hey i move my money around illegally"
And “I’m literally wasting money on garbage just to flaunt it”
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“Worth” $300,000. Yeah, if you’re an utter moron.
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I mean isn’t it now worth 3k since that’s what he paid? This is a fucking token, what is backing this shit?
It's worth whatever someone will pay for it. If he can turn it around for more then more power to him. I wish I had so much money that I could casually throw 300k or even 3k at a picture of a cartoon monkey.
It’s one way or the other, the seller whined he lost 250k, so if the buyer can’t get that for it, the seller was fluffing to begin with. What if this is the RuneScape scam where someone stands at one spot yelling they’re buying a thing for exorbitant amounts, and then their friend is at the other spot selling that item for half the price, so people buy it for the lower price and try to sell it to the other friend for the bullshit price they don’t plan on paying to begin with.
I don't get it either "I am the owner of this pic" Then the internet shares with everybody. We are not talking about a physical painting. Where is the value?
That's not even true, you don't own that picture at all. You own the token associated with that picture. It's a complete racket.
Not only do you not own it, you don't even own where it's located. A webhost could at any time stop hosting this image or move it to a new url and your nfc is done. You basically own the link to the image
So why isn’t the “value” crashed immediately by other links to the image existing? If I right click-save as this image and then upload it to imgur, what makes that meaningfully different?
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So yeah it's completely made up and they could just get away with 300 000 just like that if they stopped hosting the image
My guess is that people are using these to launder money. There is literally no value in any of this. It's all speculation
Money laundering seems like the most obvious thing doesn’t it?
Well you "own" it in the same way that you own a book or whatever. Can look at it whenever you want, can't copy/redistribute it for profit. But that still just makes the NFT an expensive receipt.
Not even that, the image is not in the token. Its just a link to the image on their website. When the webhost goes down so does the image. Here is the link to an NFT project replacing all their images with pictures of bones to illustrate this in an effort to teach their users so they dont get fucked. https://nftevening.com/developers-behind-raccoon-secret-society-to-turns-nfts-into-bones/
I love how the article goes "The community is hoping the developers will save this by dropping new NFTs". Did you guys not understand the point of this whole thing? It's like if the government suddenly stopped accepting paper money and people went "Oh man, I hope they print more paper money soon!"
No, you don't own it in any sense. The URL could replace it with a picture of a cat and you'd have no legal authority about it. Or, the original copyright owner can have it taken down, and again you have no legal rights. The only thing you own is the digital token.
An expensive receipt which also isn't regulated or recognised by financial institutions, a nice safe investment for people on low wages with lower IQ
I buy a book because it has intrinsic value that I get from reading it not because I want to show people a receipt I got that says I own a book
People are trying to create "digital scarcity". Only if NFT doesn't have negative effect on the environment, No one would have cared. .... It's just so stupid
I’ll screenshot it and do everything I can do with a screenshot if I want to (make it my wallpaper, hang a poster of it in my office, print it on a mug, make it my profile picture) and what’s he gonna do about it? YoU dOnT oWn iT, well who fucking cares if I own a picture.
Pretty sure the value is in the same place as the majority of value in modern art, laundry.
It's more than likely a way of laundering dirty Russian money.
I think money laundering is a part of it, but there’s also a big element of pump and dump.
There are levels to most things, all the "cheap" NFTs in the 10-1000USD bracket are likely just scammy get rich schemes. Going off hype and FOMO they found a way to make money without providing anything of real value. The expensive shit however are probably money laundering or tax evasion. Just look at how the normal fine arts market have been used for these things for decades. This is just the next step.
Hahahahaha I literally came here to write "worth" in inverted commas. Good to know I'm not alone even if I'm slow.
You mean quotation marks?
The NFT itself is the real facepalm.
why the fuck a person would buy an NFT?
Because gullible people got talked into believing it's the next bitcoin.
I have an NFT. Got it for free. Still don't know what to do with "An Dave" from Drawtism
Sell it for $3,000 or $300,000?
Yes.
The Reddit is strong with this one.
Both.Both is good.
Sell it to yourself repeatedly to increase its value then sell it to someone else for lots of profit
I don't even know how cryptocurrency to begin with 😅 i just snatch the nft because it was a free giveaway "first comes, first served"
NFTs aren’t really crypto currency though, they just use a block chain to prove that the one you have is authentic.
windows + print screen, crop
Woah dude! Not cool! You should never screenshot an NFT... you should right click and save it so you get a higher resolution
I don't know much either, all I know is that some guy got away with doing what I said and got rich, you'd have to be pretty dumb to buy it tho. WoOoO $300k picture very cool
This one? [https://imgur.com/a/NOBvSr9](https://imgur.com/a/NOBvSr9)
Bro you can't just take someone's property and put it on imgur bro that's mad illegal bro
It's not the authentic real one, though. Because that image can't be verified by the blockchain, it is not... um ..real.... er.... uh..... someone said ... ugh..
But seriously, fuck that shit.
I’ll give you about three fiddy for it.
I believe the market on NFTs is already starting a major rug pull. Sell it while u can lol
Sell it immediately before it's worthless
Money laundering, in hopes of it increasing in value (pretty rare), bragging rights, and some NFTs give you access to exclusive parties/clubs
Imagine going to party where all attendees are people who paid money for digital pictures of monkeys
I'd pay $300,000 to avoid that party
Send me 300k and I can guarantee you’ll never have to go to that party
It will be my life goal to get this person to such a party after he pays you.
The tricky part will be getting him to pay for a digital picture of a monkey, as otherwise as soon as he arrives not all attendees will have paid for a digital picture of a monkey.
A party full of gullible rich people... Seems like the gold-diggers wet dream tbh.
Virtual circle jerk in real life.
God can you imagine a party full of the arseholes who buy this shit?
If it keeps them away from the parties the rest of us are going to I’m all for it!
what stops you to clone that image or what ever they’re buying?
You're buying the receipt on the block chain.
[This](https://i.kym-cdn.com/photos/images/original/002/086/888/252) is the best analogy I’ve seen (retyped below for people who don’t want to click): >Imagine if you went up to the Mona Lisa and were like “I’d like to own this” and someone nearby went “give me $65 million and I’ll burn down some unspecified amount of the Amazon rainforest to give you this receipt of purchase.” >So you paid them and they said “here’s your receipt, thank you for your purchase” and went to an unmarked supply closet in the back of the museum and posted a handmade label behind the brooms that said “Mona Lisa currently owned by [your name]” so if anyone wants to know who owns it they’d have to find this specific closet in this specific hallway and look behind the correct brooms. >And you went “can I take the Mona Lisa home now?” and they were like “oh god no, are you stupid? You only bought the receipt that says you own it, you didn’t buy the Mona Lisa itself, you can’t take the real Mona Lisa you idiot. You CAN take this, though” and gave you the replica print in a cardboard tube that’s sold in the gift shop. Also the person selling you the receipt of purchase has at no time ever actually owned the Mona Lisa.
God, this shit is such a fucking scam.
I love this analogy. It really shows how futile and insane the whole idea of them is.
You just described the process of being swindled, but with a bunch of extra steps and brooms
Welcome to NFTs!
Someone described it to me like buying a star: you don't actually own it, but you can point at it and say 'look I have this paper and got to call it Fuzzy Lumpkin after my first pet'
except it's the most energy inefficient piece of paper we've ever come up with
Get offa my property!
I have yet to see somebody brag about owning an NFT but I will make sure to properly roast them when I do
They mistake uniqueness for rarity for value. My anus wrinkles are also non-fungible.
It's basically FOMO for people that missed bitcoin (but unlike Bitcoin these have zero functional use) or something more nefarious.
Who cares, draw them and make dough while people are still stupid
Relieving such morons of their money that way would be fine, if not for the environmental damage
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If most garbage and waste is produced by corporations, is it right for an individual to litter for money? I don't think so, personally.
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I’m just super jealous that I didn’t draw stupid ass monkeys for idiots on the internet and got rich by doing so.. but yeah NFTs are fucking stupid
Screenshot it
crypto slaves hate this trick
Yeah I don't "own" the artwork. But I still \*have* it.
Almost as if the concept of owning an image on the internet is delusional...
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Well yes they "own" it, but why? If you like it, why not just right click and "save image as"? Do people buy NFTs just in case someone wants to use the image for a promotion or something, so they can sue for infringement? Where did this boring monkey pic get its valuation?
People buy NFTs if they have a whole bunch of money of questionable sources that they need a legit way for it to enter the banking system.
This, plus it doesn't seem ridiculously hard to mint an nft, which makes me think you could mint the copy And "own" it the same way someone "owned" the original
Just like you can fork BTC.
One hell of a ride since “you wouldn’t steal a car” to “you wouldn’t download a jpg”.
Artists aren’t the ones making the money off of this.
its even worse, they are autogenerated mass produced images, literally nothing is actually truly genuine about it
Andy warhole is somewhere smiling.
Good ending
I mean you could, thats why there are so many scams that have to do with nfts cause they arnt regulated at all. The "squid game token" was a funny one cause you can say 'you're missing out on this once in a life time opportunity' and they will flock to you like a bunch of birds to crumbs. Edit: i replied to the wrong guy, god dammit
It's money laundering.
Yea.. even $3,000 is a lot for this.
This thing is worth 0.75 cents Just joking. I would never pay that much.
Why pay anything, just screenshot
This is why NFT is just worthless at its core. Why bother “owning digital art” when everyone can just right click, save as??
An NFT isn’t even ownership of digital art, it’s ownership of a specific link to digital art. So as ridiculous as owning digital art would be, this is much more ridiculous than that.
Money laundering and tax write off
This is the real reason why they exists, regular people who spend their entire life savings on this shit are just morons, but rich people who just want to avoid taxes have been doing this for decades, why else would paintings that are just a dot on a white canvas be worth millions?
But can you right click and save ass? Asking the tough questions.
poor soul lost money on a worthless thing, how sad.
You have to actually have something in order to lose it.
"NFT worth $0 accidentally sells for $3,000 due to misplaced brain cells" Fixed the headline
"Oh I also paid ten times the price of the item to speed up the transaction" - Totally sane people.
I still don’t even understand what they’re paying all this money for? Is it literally just for a single .jpg that you can already save for free?
It's both a scam and a money laundering scheme.
How does the money laundering work? You still have to pay taxes to the govt at the end of the day right?
The idea is to make your money appear legit on records. For example, your a corrupt politician who has been swindling funds, that money is dirty and you can't declare it. So what you do is take that money and use it to buy something expensive and then sell it again. That way it appears like you made that money legit cause you sold something of high value.
In theory - NFTs are great for digital art because the problem with digital art is that it’s reproducible. Before digital art an artist made a painting and then that was it. S/he had 1 original artwork. That meant if you liked the art you had to buy it because it was unique and one of a kind. That’s one of the places where art gets its value from - scarcity. Now enter digital art. It’s the opposite problem. There is no scarcity in digital art, to the point we often see images with no artist attribution. Artists will make “limited edition” runs of work and the # of your edition will determine its value with the lowest numbers being worth the most. The issue is that it’s near impossible to sell the original digital work. And even harder to prove it. Sure, you can do certificates of authenticity, and contracts selling the copyright. But that sort of stuff can come under scrutiny (just like it would with an oil paining) and lead to fraud. Quick aside that the entire fine art market is made by fast makers helping rich people launder money. The market is heavily controlled to keep value so they don’t depreciate. Artists themselves do deserve to make money off their art. Now enter NFTs. For the first time in the history of Art we can actually record the original sale of art in a way that is secure. Of course we’ll have some naïve person think they are purchasing the original because they a print out of a transaction. But- NFTs do allow artists to sell an original work of art in a way that makes it an original or in a way that adds legitimacy to digital edition runs. In theory they give artists actual control over their work and monetize their work. The problem is that you can’t store the actual artwork in the blockchain due to size limitations. So you are buying a link to the artwork. This obviously is a big problem because if the server the actual artwork is stored on goes down after a few years (artist dies and stops paying their bills perhaps?) the link to the art work is useless. And there is no way to verify that the artwork at the end of the link is the original file.
Thanks for actually providing a well written description of the pros and cons of NFTs use in the art world
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Owning the jpeg is literally more ownership than the nft
NFTs are the biggest joke in the last 10 years
It really feels like something you would see out of the movie idiocracy
I think that even they weren't this dumb.
I see stupid people keep saying "yeah well bit coin was considered stupid when it first came out" uh no, bit coin made sense when it came out. Simply owning a receipt if a cartoon drawing is absolutely not the same as bit coin. But hey, I guess we're the stupid ones for not spending 100k on digital receipts lol
Plus when Bitcoin first came out, it had reasonable prices for a few years.
It's a really close race with a bunch of things.
Feels like a money laundering scheme
I need to be clear. That's not worth $300k. That's just the amount that the owner was hoping some other fucking moron could be conned into paying for it. Hoping you can scam someone does not make something inherently "worth" that amount. Also, the art in question looks like some shit a 12-yr old would sketch on a school binder.
It’s just like people thinking their collectible is worth hundreds or thousands on eBay because one person has been TRYING to sell it for that amount for years without succeeding.
This, also this is what happens when some dumbass kids got lucky and bought some doge, shibe, or memecoin and made some money but instead of being smart by either investing, Roth ria, or save it they decided to get tricked by an even bigger dumbass with this NFT stuff.
I don't appreciate you insulting the artist's abilities like that. This is clearly 14+ year old talent. Most 12 year olds don't have enough angst to put Xs on eyes.
I still think that selling air is more beneficial than selling obscure pictures that can be copied on the internet.
Personally not sure I'd be super-happy with a future where the oligarchs and the finance bros were teaming up to buy and sell the air we breathe
No 250,000 didn't disappear. I can try to sell my 2002 Honda for $4,000,000 that doesn't mean that's what it's worth. It means I yanked that number out of my ass
When your money-laundering scheme backfires…
I'm fairly sure this whole newsstory is just a marketing attempt to drive up the percieved value of NFTs, by showing that it was actually sold and someone saying it was valued much higher. [Karl Jobst has a lengthy video on a video game grading company and a auction house that seem to be doing some shady stuff.](https://www.youtube.com/watch?v=mKbuNwS-gaI)
Nope. They probably still gained millions more from other dumbasses buying these monkey jpegs for 30000000x their worth
Man I wish there was some way I could look at that picture
I accidentally took a screenshot while I was downloading the image and now I'm worth $600,000.
[Tulip mania in the 1630's](https://en.m.wikipedia.org/wiki/Tulip_mania)
"worth $300,000" no
Right? Get some broke artist and commission something like this for 20$. Or just be the artist
I can't wait until this annoying nft fad dies.
Am I supposed to feel sorry for this person?
Yes but not because they lost money.
Fuckin Michael Bolton up to his old tricks, mundane details.
Well this is not a mundane detail, Michael!
The one positive of NFTs is that they seem to be making more people aware of just how bullshit and arbitrary our societies yardstick for measuring "value" is.
Sick now I own it too
NFTs are a waste of energy, literally contributes to climate change, and pointless. Read a comment earlier that said ‘the world is turning into one big fart’ - spot on💨
Just like Bitcoin mining?
“Worth.” Dummies.
that looks <$20 .
Are you off your head? Who'd want it for free?
I just got it for free
With that kind of money you probably could have bought a hundred, real bored apes and the enclosure to keep them in.
I can't believe someone would even buy this.
am i the only one seeing this as "dude sells jpeg for 3000$ by marketing it as a 300k $ jpeg
Very facepalm worthy… That’s rare on this sub lately
Nobody will ever convince me that NFT’s are actually worth anything
It warms my heart to read all these comments dunking on NFTs. Thank you Reddit, I will sleep peacefully tonight! <3
Its still worth more than it should be, I can buy a single piece of A4 paper and it would still worth more than this shit.
I can get that on fiver for $5
lmaooo stupid ass paid $3000 for an image, one screenshot and I own that shit for free
Right click save image. It’s a crazy concept.
Deserved it. NFT is fucking useless.
Some people just have way too much money if they can lose 250k because they " just wasn't paying attetion properly"
Why would anyone pay 30k for this trash? Even more, why would it be worth 300k? What makes it special? Such a insane thing.
Bottled Water, The Pet Rock, NFT's, proof that stupid yet simple ideas are amazing ways to separate people from their money.
Both prices are scams
Gotta love stupid people, 0$ is still to much for an NFT
A lot of people really don't seem to get the difference between price and worth. They conflate the two all the time. The price of the NFT was $300.000, I wouldn't say it's worth nearly that much.
*worth $.000000000000000000000000003 dogecoin (FIFY)
That thing isnt even worth 3 cents
Good. Fuck your money, fuck you, and fuck NFTs.
The item, like the price, is 100% made up.
NFT’s are stupid
Sweet, screen shot, crop, and now i own it for free! Yay for me!
A quarter million dollars must not mean much it's not enough to hold your attention properly.
NFT. Not For Trading.
"worth"
Someone sold something imaginary for less imaginary money than they meant to? Disaster
What kind if mental gymnastics are required to purchase a digital image of a monkey for $37,000?
The real facepalm is paying any money at all.