NFTs - digital art or something.

[NoXion]

Apparently NFTs aren't proving too popular with the gaming public:

 

[Storm Fox]

For me the best thing about NFTs is finding a whole load of interesting YouTubers I wasn't aware of before.
Also their drawings are better than the BAYC.

 

[BigTom]

Speaking of play-to-earn, Axie Infinity (the PTE game featured in the Line Goes Up video) got completely cleared out by an oversight in a smart contract last week. $600m in Ethereum stolen.

A hacker stole $625 million from the blockchain behind NFT game Axie Infinity

The theft was discovered nearly a week later.

www.theverge.com

Done by North Korea say the FBI: FBI says North Korean hackers stole more than $600 million in cryptocurrency in single hack

 

[Storm Fox]

nogojones loving the new profile pic.*

for future readers and data archaeologists* a picture of a Board Ape.
**If you are a future data archaeologist don't ask about Board Apes.

 

[pbsmooth]

this needs some sort of translation

Dirt raises $1.2 million seed round amid web3 push

Dirt has done more than $100,000 in NFT sales.

www.axios.com

 

[BigTom]

 

[BigTom]

this needs some sort of translation

Dirt raises $1.2 million seed round amid web3 push

Dirt has done more than $100,000 in NFT sales.

www.axios.com

It's a blog/newsletter that has just got venture capital funding. Has been funded selling NFTs that give access to exclusive content (like you can do with Patreon or any subscription or membership service), and will continue to do so.
Basically VC taking a punt on something, doesn't really mean anything on its own. That VC is pouring into blockchain/web3 stuff doesn't even mean anything much necessarily, VR and AR have both been heavily invested in and not come to much (yet, anyway), but it does indicate some kind of commercial potential to the area.

 

[pbsmooth]

 

[Ranbay]

 

[BigTom]

Was it this thread that had the stuff about seasteading crypto people in panama, using NFTs to try to fund/sell their floating eco homes?

You'll never guess what has happened when they've unveiled their first one...

$1.5 million floating home prototype sinks into the water at unveiling

The creators of the home have assured no one was hurt or 'even got their feet wet' during the incident

www.unilad.com

 

[beesonthewhatnow]

Laugh long, laugh loud

 

[Chz]

Because the rules require that I add content to my post and not just link and run...

LOL and "Only?"

95% of NFTs now totally worthless, say researchers

'Even the most prominent collections are struggling to maintain demand'

www.theregister.com

 

[beesonthewhatnow]

Because the rules require that I add content to my post and not just link and run...

LOL and "Only?"

95% of NFTs now totally worthless, say researchers

'Even the most prominent collections are struggling to maintain demand'

www.theregister.com

Oh dear, how sad, etc

 

[Chz]

Oh dear, how sad, etc

Let me create you a small GIF of the world's tiniest violin, etc...

 

[beesonthewhatnow]

Let me create you a small GIF of the world's tiniest violin, etc...

TAKE MY MONEY

 

[Magnus McGinty]

I wonder how much Beeple’s First Five Thousand Days is worth now then.

 

[skyscraper101]

Props to everyone who saw what a total swizz this was from the beginning and fleeced the market what it was 'worth'. Half a million dollars for charlie bit my finger. LOL sure.

 

[beesonthewhatnow]

I wonder what those multimillion dollar BoredApes are worth now?

 

[littlebabyjesus]

I wonder what those multimillion dollar BoredApes are worth now?

Still not nothing. $40k each.

Sotheby's are being sued for playing the pump and dump game.

Lots of angry stupid rich people. Could make a series of them?

 

[skyscraper101]

Pixels

 

[BigTom]

I wonder what those multimillion dollar BoredApes are worth now?

looking on opensea, they are trading (or more likely wash trading) for about £30,000
money laundering will keep some apparent value in NFTs still.

 

[Chz]

looking on opensea, they are trading (or more likely wash trading) for about £30,000
money laundering will keep some apparent value in NFTs still.

That was $50k just a couple of months ago when the Sotheby's lawsuit hit. I'm not sure any were actually selling at that price, but it was the ask. So well on its way to worthless, at least. I'll pick one up as an historical curio when they hit $20.

 

[Throbbing Angel]

I wonder what those multimillion dollar BoredApes are worth now?

Indeed.

Beeple must be pissing himself

Beeple sold an NFT for $69 million

“I do view this as the next chapter of art history.”

www.theverge.com

 

[littlebabyjesus]

Indeed.

Beeple must be pissing himself

Beeple sold an NFT for $69 million

“I do view this as the next chapter of art history.”

www.theverge.com

We've covered this on a thread somewhere. The 69 million was a pump and dump scam. It was paid by someone who also owned a whole bunch of other beeple stuff, which soared in value due to this auction.

I strongly suspect beeple was in on it and got a cut. They will have made something like 50 million from it. Straight up fraud.

 

[Chz]

We've covered this on a thread somewhere. The 69 million was a pump and dump scam. It was paid by someone who also owned a whole bunch of other beeple stuff, which soared in value due to this auction.

I strongly suspect beeple was in on it and got a cut. They will have made something like 50 million from it. Straight up fraud.

The Sotheby's lawsuit, which on the surface seemed a bit "LOL, whatever", was actually about the auction being complicit in a pump and dump scam.

 

[littlebabyjesus]

The Sotheby's lawsuit, which on the surface seemed a bit "LOL, whatever", was actually about the auction being complicit in a pump and dump scam.

Yes, it would be good for someone like that to be found complicit. Loads of stuff that is illegal (and policed) in regulated markets, like pump and dump and wash trading, is rife in crypto.

 

[littlebabyjesus]

Beeple stuff is in post 103 on this thread.

Currently the B20 token is trading at 8 cents. (Except that it isn't actually trading at all - last 24 hours' trading volume: $0.00.) Following the auction, it was trading at more than 20 dollars. Majority owner of the token at that time and person behind the whole idea for it? You guessed it.

Point to remember about these things is that B20 isn't a 'failed' token. It succeeded extremely well in its purpose to scam people of millions of dollars.

ETA:

the Beeple scam is worse than the bored apes imo. Bored apes targeted rich people. the B20 token marketed itself as a way for 'ordinary' people to get in on the NFT art action in an affordable way. These people are utter scum.

 

[hitmouse]

Who would have thought that going to a NFT convention might turn out to be a bad idea?

Bored Ape creator says UV lights at ApeFest burned attendees’ eyes and skin

ApeFest attendees quickly reported burning, painful eyes after Saturday event.

arstechnica.com

Lamps emitting ultraviolet light in the corner of a Bored Ape NFT event in Hong Kong last Saturday are the likely cause of severe eye and skin injuries among attendees, according to Yuga Labs, the creator of Bored Ape Yacht Club (BAYC) and host of the event.
The injuries reportedly occurred during "ApeFest," a three-day annual meet-up of people who own Bored Ape NFTs—which sell for tens of thousands of dollars and, amid the 2021 NFT craze, saw highly inflated prices of hundreds of thousands of dollars. However regretful, people who own the cryptocurrency-backed digital images of nonchalant cartoon primates are automatic members of the BAYC. This year, their annual club event ran from November 3–5 and promised "mayhem" and "One big night full of surprises."
Soon after an ApeFest party Saturday night, some attendees reported severe pain and burning sensations in their eyes, as well as vision problems and skin irritation, according to Yuga Labs. Doctors and others on the Internet quickly speculated that the cause was UV exposure and photokeratitis (aka snow blindness, arc eye, or welder's flash), which is akin to a sunburn on the cornea (the clear tissue covering the front of your eye) due to exposure to UV light. The New York Times reported as of Tuesday that the number of attendees injured was over 20.
In a post on X late Wednesday, Yuga Labs confirmed that UV exposure was "likely the cause" of the reports. "These reports were—and continue to be—deeply concerning to us. We immediately reached out to impacted attendees to learn of their symptoms and to direct our investigation," the firm said.
Yuga carried out the investigation with Jack Morton Worldwide, the event agency that produced this year's ApeFest. Together, they "determined that UV-A emitting lights installed in one corner of the event was likely the cause of the reported issues related to attendees’ eyes and skin."
While photokeratitis can be extremely painful and lead to altered vision, the condition typically resolves in hours to days. Long-term eye exposure to UV light can add up to later harm, though, much like it can for skin exposure. For eyes, long-term UV exposure can increase the risk of cancers, cataracts, macular degeneration, and fat deposits or growths on the whites of the eyes (pinguecula and pterygium, respectively.)

 

[NoXion]

Blind Ape Yacht Club

 

[Storm Fox]

Paging Windsor Davis... 13 Mutant Ape Yacht Club and 37 Bored Ape tokens were stolen:

NFT Trader hacked, millions of dollars in NFT stolen

Trading platform NFT Trader suffered a security breach on Dec. 16, allowing hackers to steal millions of dollars worth of NFTs.

cointelegraph.com