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Is there any book about this phenomenon, that people spend fortune on memes?

• BitwiseFool 5y ago
  Not that I know of directly, but there is a phenomenon where the ultra-rich "purchase" (but rarely take possession of) items in an exclusive catalog and the item's ownership/heritage is seen as a status symbol. The first thing that comes to mind is the Codex Leicester, which is now owned by Bill Gates and people were expecting him to rename it "Codex Gates" but he didn't. https://en.wikipedia.org/wiki/Codex_Leicester https://en.wikipedia.org/wiki/Codex_Leicester
• throwaway803453 5y ago
  But then the hustle would stop working. My take on the hustle is you post some garbage art as an NFT and have a rich buddy buy it for $100,000(?). Then your other garbage arts instantaneously become worth thousands because the media will pick up this story in proportion to the price*garbage factor. You then start dumping said garbage, eventually return the initial payment to your rich buddy and split the take. Unfortunately we are likely past peak stupid in the crypto-world but you'll have another chance ~3 years from now since that's the crypto dumb-money time-constant. But if you still think there's time, visit https://mintable.app/ https://mintable.app/ follow the advice above and report back.