Current Events > When did NFTs became the next hottest thing?

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Chenmaster2
01/16/22 10:15:49 PM
#1:


>_>

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Sir_Gawain
01/16/22 10:17:47 PM
#2:


When idiot grifters decided they could use them to launder money and grift other even bigger idiots.

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X-wingPilot
01/16/22 10:22:40 PM
#3:


When my $1,000 worth of investments spent on NFTs last summer became worth about $100k.

<_<
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GALA462
01/16/22 10:23:08 PM
#4:


2 months ago?

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Rharyx211
01/16/22 10:23:57 PM
#5:


Sir_Gawain posted...
When idiot grifters decided they could use them to launder money and grift other even bigger idiots.
This

And when those grifters caught the attention of gullible celebs who started tweeting about it.

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X-wingPilot
01/17/22 8:03:40 AM
#6:


https://youtu.be/zQmB8Z2juRg
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X-wingPilot
01/17/22 3:59:18 PM
#7:


https://i.imgur.com/6tUNnOy.png
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Sackgurl
01/17/22 4:05:37 PM
#8:


it started not long after some financial journalists started writing about the art market, and how many wealthy investors own art pieces not for display but strictly as alternative investments equivalent to gold/silver

most are traded with crypto which helps keep the illiquidity and pump-dump nature of them unclear because crypto itself has such massive price fluctuation

it's built upon the lie that the art trade is a relevant fraction of the global stock markets in total capitalization. it is not. alternatives are not a big part of most wealthy people's asset pools; almost never >10%, and usually between 1 and 5 percent, as that's the size of the actual alternatives markets relative to publicly traded stock.

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X-wingPilot
01/17/22 4:30:00 PM
#9:


https://i.imgur.com/02T3Qtb.png
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