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The NFT stuff was obviously dumb well before it reached fever pitch. Let’s not act like everyone or even most people or even a lot of people were taken in by NF
by ethanbond 4y ago
The NFT stuff was obviously dumb well before it reached fever pitch. Let’s not act like everyone or even most people or even a lot of people were taken in by NFTs.
The whole thing was a small number of people with huge amounts of money and very loud marketing.
- spaceman_2020 4y agoItt was practically all house money. People who bought ETH for under $10 or made 30-100x returns in crypto using their gains to flip jpegs. They managed to lure in a few suckers from retail but most of it was just money rotation between existing players. Any retail-focused play failed hard - like the Coinbase NFT marketplace.