• gigachad@sh.itjust.works
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    4 months ago

    I find it really impressive it is only 93%. This implies there are still people who buy this crap

    • JustTesting@lemmy.hogru.ch
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      4 months ago

      Not necessarily, as I understand, the floor price is just theld buy one at. i could make a new nft, list it at 500 billion and that would be the floor price, even if no trade ever happens.

      There’s also some stuff where the nfts get used as collateral for loans without any intention to pay back the loan. The borrower defaults, keeps the money, the lender is stuck with a useless nft. No actual sale happened, so the floor price didn’t move, even though the loan was likely for less than the floor price.

      Crypto is full of this kind of misleading metrics, same as market cap

  • Darkard@lemmy.world
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    4 months ago

    Don’t worry bro, demand for the receipt that says you own a small picture will skyrocket any day now bro.

  • gerikson@awful.systems
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    4 months ago

    Tally Labs launched a project called The Writers Room, which let holders of an associated NFT project dictate storytelling elements. That led to the creation of an Ape-focused novel written by Neil Strauss, a New York Times bestselling author.

    Somehow I had not heard of this particular idiocy.

    • Empricorn@feddit.nl
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      4 months ago

      ✔️ weird
      ✔️ for the rich (and money launderers)
      ✔️ out-of-touch

      How could Trump not love NFTs?

  • Swarfega@lemm.ee
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    4 months ago

    I hated how loads of companies appeared out of nowhere to cash in on this. I feel for people who tried to make an investment hoping it will be the next Bitcoin. I’m really glad it died on its arse though. Pretty sick of seeing shit images of cartoon dogs and monkeys.

  • Sailor Sega Saturn@awful.systems
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    4 months ago

    Yes but consider that $429,000* dollars is a small price** to pay for free*** entry to ApeFest.

    * Valuing ApeFest tickets at a few hundred dollars this would only take you a millennium to be in the black. But really it’s more about the exclusivity.

    ** Oh and you have to hang out with other Ape Holders. Oh and also may get your retinas sunburned from unsafe UV lights.

    ** Supplies limited. Travel to whatever random corner of the earth they chose not included.

    • bitofhope@awful.systems
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      4 months ago

      Oh and you have to hang out with other Ape Holders. Oh and also may get your retinas sunburned from unsafe UV lights.

      Ouch, that sounds painful. Can’t I just get the retina burn without the having to hang out with Ape Holders part?

      • Sailor Sega Saturn@awful.systems
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        4 months ago

        The easiest way is to look at the sun. I did this and other stupid things (like staring into flashlights) as a kid, and my vision is mostly* normal so I clearly didn’t try very hard.

        * Some light visual snow