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In the Press right now:
"All Those NFTs Are Officially Worthless" → https://kotaku.com/nft-meaning-scam-crypto-marketplace-price-bored-ape-1850860661
"Your NFTs Are Actually — Finally — Totally Worthless" → https://www.rollingstone.com/culture/culture-news/nfts-worthless-researchers-find-1234828767/
Me:
@davidrevoy in less memeing matters: it’s really dispiriting that there are still people who fully believe in that nonsense.
i often watch dave ‘japaneseprintmaking’ bull on twitch. he runs a shop making and selling japanese woodblock prints, and streams the process. transfering, carving, checking proof prints, and so on. every so often, you see someone in chat raving how cool it would be if these were NFTs, the ultimate marriage of tradition and the future.
@gekitsu True. (and sad)
I guess for a big audience the digital world became so complex to understand that they can be manipulated by gurus about it. Nfts, Ai, are cult; it works as long as there is investor/believers, imo.
It feels similar in a way to the new age and esoterism market. With a lot of Bs, gurus, and money money money to buy hope, or to exploit ignorance.
@davidrevoy yeah, and i guess it doesn’t help that we have a lot of ‘new hot’ things with barely any depth to the reporting, that get burned out and replaced real quick. it works for hype as well as for scandal.