Posadas [he/him, they/them]@hexbear.net to chapotraphouse@hexbear.netEnglish · edit-28 months agocommodity_fetish.jpeghexbear.netimagemessage-square76fedilinkarrow-up1128arrow-down10file-text
arrow-up1128arrow-down1imagecommodity_fetish.jpeghexbear.netPosadas [he/him, they/them]@hexbear.net to chapotraphouse@hexbear.netEnglish · edit-28 months agomessage-square76fedilinkfile-text
minus-squareGalli [comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up15·8 months agoThe “value” of the NFTs was tied to the value of the coins (almost always etherium) on the chain on which they were minted. The hammer came down on FTX which was the primary company propping up the bezzle bringing down the hanger-on scams with it.
minus-squareBartsbigbugbag@lemmy.mllinkfedilinkEnglisharrow-up8·8 months agoEth is actually not far off from its all time high value im pretty sure. FTX was just one of many hype bros scamming.
minus-squarehauntologist [comrade/them,he/him]@hexbear.netlinkfedilinkEnglisharrow-up7·8 months agoSo they really are all worthless now? After all that? If so…
The “value” of the NFTs was tied to the value of the coins (almost always etherium) on the chain on which they were minted. The hammer came down on FTX which was the primary company propping up the bezzle bringing down the hanger-on scams with it.
Eth is actually not far off from its all time high value im pretty sure. FTX was just one of many hype bros scamming.
So they really are all worthless now?
After all that? If so…