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It is amazing to think how wild the nft craze was, definitely history will look back at it as peak zero interest rate phenomena. My favourite stories: - BBC: T
by ak_111 4y ago
It is amazing to think how wild the nft craze was, definitely history will look back at it as peak zero interest rate phenomena. My favourite stories:
- BBC: Twelve-year-old boy makes £290,000 from whale NFTs
https://www.bbc.co.uk/news/technology-58343062 https://www.bbc.co.uk/news/technology-58343062
- Guardian: Rishi Sunak asks Royal Mint to create NFT (note 11 months later, it seems this project has quietly died)
https://www.theguardian.com/technology/2022/apr/04/rishi-sunak-asks-royal-mint-to-create-nft https://www.theguardian.com/technology/2022/apr/04/rishi-sun...
- ceejayoz 4y agoWhich makes it all the more baffling that Sesame Street just jumped in. https://variety.com/2023/digital/news/sesame-street-nfts-cookie-monster-veve-1235545680/ https://variety.com/2023/digital/news/sesame-street-nfts-coo...
- hef19898 4y agoNFTs are the tulips of the 21st century.
- brianmcc 4y agoIt's amazing the feeling of "what the hell is going on with all this apparently credulous attention being paid to a total nonsense" that one feels watching this stuff happen in real time. It was always screamingly obviously a scam/sham/whatever, yet it was lapped up. Unreal. Critical faculties chucked enthusiastically out of the window, including by people and companies that should've known far better. And I appreciate there was of course some cynical deliberate bandwagon jumping, but still. "I don't understand the first thing about what's going on with all this but smart people seem excited so what could go wrong" is a horrific basis for anything involving money and possible consequent loss of huge amounts of it!