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At this point, the only reason I can think of is VC funding. But I also don't know why VCs don't see through this bullshit... They're supposed to be smart right
by xmprt 5y ago
At this point, the only reason I can think of is VC funding. But I also don't know why VCs don't see through this bullshit... They're supposed to be smart right? Even if they're shotgun investing and hoping that one company goes 100x, I can say with absolute certainty that this company is either going to fold or get rid of the NFT aspect of the business in the next 5 years. What's the point of investing in a company like that?
- VHRanger 5y agoVCs dont care that a product is bullshit as long as they can sell it for more to someone else
- lupire 5y agoYou don't need VC to sell a NFT digital picture. There is no cost.
- jondwillis 5y agoLast time I checked, producing the very non-non-fungible ketchup perfume has a cost.
- bduerst 5y agoVCs are also like lemmings in that they need to have startups with trending tech in their portfolio, even if it's overhyped garbage. If a few jump then the others get FOMO.