this post was submitted on 23 Sep 2023
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[โ€“] [email protected] 1 points 1 year ago (1 children)

I knew people (well one person; in my developer meetup group) that went deep on the NTF craze, like has an spe avatar unironically, spent a bunch on NFTs, and if they're telling the truth made bank off of them.

It's pretty disappointing. I wonder whose money they took.

[โ€“] [email protected] 2 points 1 year ago

Again, probably some of it is real, and that's the segment people who made money dealt with. I think of it as a sort of gambling; your acquaintance won a gambling game, someone else lost. Possibly there were some overly wealthy people buying them for status, or maybe that's just a myth. But the point is, most NFTs themselves aren't part of that at all, were never a part of any real market, so doing analysis on them is going to be misleading.