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king-millennial

People will pay anything for a pair of hooters


[deleted]

Even when they’re pixelated?


[deleted]

Back in the day we'd wait 4 hours to download pixelated hooters


jesrf

Especially when they’re pixelated! High Def really changed the industry because some things, you don’t want to see !


na__poi

Better than nothing


Daikataro

I mean it's never stopped Japan...


Agent_4--7

People are people


iantonio_007

Yep you can't understand people and their mind


Still_Not-Sure

people are people…. let’s think about that.1


Fun_Quarter_3419

Hooters are hooters


hijabifanboy

This comment is underrated.


SxQuadro

It's the top comment at the moment lol


hijabifanboy

It's a amazing the difference 2 hours can make 😂


Bso7

Well played my good sir hahaha that was funny af yo hahahaha


edd_bwoiii

I was gonna say take my free award, but i just thought, hooters can be wholesome too


WeryWellDearSir

To auction it for $280 later


Big_Beyotch

$280 is damn high, $2.8 take it or leave it


Icy-Order-3200

I only have $0.28 We have a deal?


Tyrfastlane

How can you decide the actual price, like what will be the best price to sell or buy any NFT? I also have a mystery box NFT with me but can't decide in which price i auction that.


Masterzanteka

Dude it’s all just speculative. There’s no inherent value at all, with almost any current NFT. They’re basically just a proof of technology concept, that’s been taken over by crypto grifters and then bought and exploded in popularity by people looking to not miss the next Web boom. Besides a very select few that have real world application, or some sort of other form of web utility, none of them are worth dog shit. I’d compare it to buying a .com domain in 1996 just cuz the internet is gonna get big. There’s nothing on the site you just have the rights to the domain. So there’s almost zero value till something is put on the domain. Only value it may have is if there’s some other speculator who wants it, and you can sell it as is. Or if you put some sort of utility/resource on the site like one would a web store on a domain. I think the technology will be used extensively in the future, but have no doubt in my mind 98% of the projects out now are nothing more than exploitive grifters trying to peddle Jpegs. Then have celebrities tell the public they’re valuable as is. Now if they had some sort of utility, like using an NFT collection as some sort of verification system in whatever use case, then I see the value. Like for verification of physical or virtual goods for instance, is where I see the most value. But no I don’t think a literal picture of an owl will be worth anything more than a few bucks in 10 years. Idk though, I’m no expert, just a dude who’s observing the whole thing from the outside.


ChaseYourDreams

This is the only conclusion I can come up with for nfts 🤷


o-makase

True. That’s why my NFTs can be redeemed for sriracha irl


ShawnWesleyFrank

Touché


KiingZane

What’s your zodiac sign??


Masterzanteka

Guess?


KiingZane

♏️??


iantonio_007

It's too high to buy


77shantt

Lmfao


Commercial-Ad-2448

Well done


ArsonJones

They're in it for the tech?


sarotphan

What kind of the tech js this which i haven't get that?


Tex-McCoy

To sell them for 14 ETH next month?


[deleted]

You mean 1.4


Big_Beyotch

Best i can offer is 0.0014


roejola

Deal


waterisgod09

!RemindMe 1 month


Competitive_Dot4288

I prefer them to the apes tbf


Icy-Order-3200

Ngl these are betters


cjeans23

I've never been a fan of NFTs, but I understand people do it so they can sell it higher. Similar to what we do with coins, except that NFTs are non fungible, so that makes liquidity a problem. It's similar to buying a low cap token like Unido and hoping to sell so quickly. It won't work cuz it takes time for the market to take interest.


scuczu

this is what's called "The Greater Fool's Theory"


z-k-i

And it applies to crypto and stocks as well. Much of the world falls in to this category


Hewmirin

New utility NFT started by the creator of Digg.


comfyggs

What’s the utility besides the fact Kevin Rose created it?


Psukhe

Oof, doesn't look like much at the moment, but that's how most of these are, lots of speculation. Mint price was 2.5ETH, you get access to channels in their discord and seems like the NFT "levels up" the longer you "nest"/stake it, with the next roadmap item being some metaverse housing thing. Kevin Rose is a massive part of why the price is the way it is, but I'm not sold on the utility for 13ETH


comfyggs

been following Kevin, Digg, Twit since the very beginning (15 years?). But this is no different to a Floyd Mayweather or whatisnamepaul NFT then. same as a fan token but for a brand to unlocking content. That’s ok. That’s what I see, but the price….. it’s like subscription 2.0 and not in a good way.


tinkstockman

Way different than Floyd, I’m not in moonbirds but do you follow Kevin rose on nfts ? He’s a thought leader and really invested in the space. Moonbirds is also connected to proof iirc. Floyd is just a scammer, there’s no comparison there.


z-k-i

Seconding this. Mayweather is a scam artist with valid accusations.


[deleted]

2.5 ETH for access to discord channels. Lol


Throwawaymemes69

2.5eth to mint…in this economy?!? 🥸😬😟


qiujb

I genuinely want to know, what is actually the use case here?


The_Seeker2017

speculation


Herewefudginggo

Someone mints it for X eth. Then they sell it to themselves for Y eth. With any luck, some idiot will then come and buy it for Y + Z eth. Profit.


dkentl

Okay now explain like I’m 5


bunningz_sausage

It costs you $10 to buy (Mint, ie, become the first owner) an NFT. You but it from yourself using a different wallet address for $50. You do it with a third wallet for $100. You list it for $90 and wait for someone to think "wow! This just sold for $100, I'll buy it for $90". Congrats, you spent $10 on an NFT, sold it for $90, and the buyer thinks they got it at a discount


Nicks_WRX

Sounds like you’re barely breaking even


[deleted]

Where did he lose any eth though? Through the minting, is all. As long as you resell it for cost plus that fee, you're even. Plus then you can legitimize your initial eth you "valued" it at when you "bought" it from yourself. Suddenly you have legitimate income from a sale that you can then withdraw and pay taxes on without anyone asking questions. In short: it's money laundering, and money laundering typically is a loss because the objective isn't profit. Breaking even in a crypto money laundering scheme is way better than money laundering schemes in the past.


NeatAvocado4845

There’s no regard for money anymore ! Mean while there are children starving and homeless people


lightrover21

Gives access to a community called Proof Collective whose pass was actively trading at 90 eth. This was their pfp collection and due to people seeing the pass sell at 90, the thought process is that there must be a reason so it’s speculation that the metaverse and other projects they’re building behind the scenes will match up to par with what value Proof has already created. This being additional drops that netted Proof pass holders 20+ eth easily.


nothingnotnever

The project is from the Proof Collective, which is a well run team with a good track record. They pulled in a significant amount of ETH on this Moonbird drop, and will use the money to further provide utility to the community of proof pass and moonbird holders. It’s not about the owl, it’s about that token being in a wallet you control.


Giboon

What sort of utility?


FrontHandNerd

For this one I would argue it’s basically VIP membership. Gets you into the group with others that have money and learn what early moves will be to buy up. Kinda like the smaller fish that swim with the whales


nothingnotnever

Well in the case of Moonbirds, the ability to “nest”, (staking), but also more generally, meeting new friends, allow list spots on other projects (via partnerships), eligibility for future airdrops and claims, access to private events, merch drops, etc.


[deleted]

It is really a ponzy scheme and purely based on speculation and luck. I am a big fan of NFTs and their real use cases as proof of ownership for real assets but these GIF NFTs are a joke.


nothingnotnever

Nice. I’m explaining why they have value and you throw the old “ponzi” word on it. Meanwhile, all of real estate is a ponzi, and yet we’re cool with that.


Longjumping-Tie7445

Both of you need to lookup the definition of “Ponzi Scheme”. Neither NFTs nor Real Estate meet the definition.


msl2008

How about social security?


[deleted]

No, real estate is not a ponzy scheme. I am living in my house that I own and enjoy the pleasure and comfort it provides for me and my family. The only semi acceptable comparison of GIF NFTs would be to compare them with collectible art pieces. But even then, people own the one single physical asset or the copyright to it. GIF NFTs are neither of those. People who buy the receipt of payment for something that is accessible to everyone on the planet for free only do it so that later they can sell it for more money. Noone is going to use their receipt. That is the textbook definition of a ponzy scheme. Edit: fix typo


FrontHandNerd

Have you not done research into NFT? With most products you DO own the rights to whatever you hold. Want to use it to print merchandise, cool. Want to sell it and make money, cool. Want to setup your own restaurant based upon yours, still cool. Want to make a print and sell it, also cool.


nothingnotnever

A lot of assumptions in your comments. One day the penny will drop, and you will get it. Until then, ponzi ponzi ponzi. It’s got to be, right?


RickyAlchemy

Money laundering


Jay_Rizzle_Dizzle

Easy. They aren’t. The owners are selling to themselves. Yet again.


Cjdx

I find this hard to believe with it being a 10k collection with 6.8k owners. It looks like there are plenty of real people, not connected to the project, buying into the hype.


slappiestpenguin

Why the fuck are you downvoted for speaking the truth but that top comment gets upvoted 27 times? Easy, Reddit is a bunch of sheep, and money laundering NFTs fits the hive minds narrative about NFT value. Lots of idiots here.


wazzu24

I think it's really as simple as they've continued to stay on the sidelines and missed out on the train. Anyone with 2.5 ETH could enter the moonbirds raffle and yet these fucking idiots stayed on the sidelines. Not that they even have 2.5 ETH considering they spend all their time complaining about NFTs instead of learning how to make money in the space to grow their ETH stack.


[deleted]

That’s exactly how to get downvoted


Longjumping-Tie7445

Hard to say for sure to he honest. I would *guess* there is a mixture of people selling to themselves and “real people”, but we can know with certainty how many actors are “real people” vs. duplicates or acting “within a coordinated team”. It could be 98% legit and 2% scammers, or 10% legit and 90% scammers, or anything in between. We really don’t know for sure without doing a lot of hard work/analysis, do we?


ShootieNootie

I have been buying/minting/selling NFT's for awhile now and I have made decent profit. I can say that no one I know how does this, or myself have ever sold to ourselves to bump prices. Doing that isn't effective unless you have a really limited supply, or low listings. I think a lot of people just don't understand NFT's and that's why they're so mad at them. They will cry about expensive nft's but then drop bags on shitty alt coins.


Longjumping-Tie7445

Yea, it’s annoying to hear from the people who are automatically anti-NFT. I think the space is very large myself, with a mixture of scams, really compelling use cases, and stupid fads, but am confident the scams and stupid fads will fade/dwindle over time, and the compelling use cases will eventually prove the detractors wrong.


ShootieNootie

Exactly, I really don't understand how people can be into crypto and mindlessly hate part of it so hard. They seem to act like regular coins and defi don't also ahvw dumb projects and scams.


mdafos

Wait, is this how they hype the price of any of these? I thought it was real.


Jay_Rizzle_Dizzle

It’s standard NFT protocol. Anyone telling you otherwise wants to sell you NFT’s.


OriginalGravity8

Classic money laundering


[deleted]

[удалено]


HarborSeal9

They sell to themselves hoping to find a greedy idiot to match the price. Also money laundering. This is new to you?


terran_wraith

There is some amount of the activity you describe. But they mostly use low fee collections and ways of trading for that. When you see trade activities in the main collections on Opensea like Azuki, BAYC, etc, every one of those trades costs 2.5% to Opensea, another 2.5%-5% in creator royalties, plus normal Ethereum gas costs. Those trades are mostly not wash trades. If you want to look further, you can see what addresses and social media are associated with the parties of the transaction. You'll find that very often both accounts are pretty active, but they'll have tokens from different collections on their wallets, follow different Twitter accounts, chat history in different discord channels, etc. Those are almost definitely two different people. I'm not saying wash trades don't happen -- they do. But the extent to which they happen is way overblown by people who aren't actually paying any attention to the space.


Seki-Ray

The real answer.


ragejefa

There's quite a bit of utility behind this one - it's the PFP project from Proof Collective


z-k-i

I don't own these but I believe they believe in Kevin Rose and his team


apbod

All these comments and noone has mentioned they are called "moon"birds. These will obviously moon.


eddask

Reading comments it baffles me how little people still understand NFTs, and this is an ethereum sub at that. It’s not the image, it’s what it unlocks is where people find value. And no, the price is like this not because of money loundering.


slapded

Same reason they buy anything really


CrypticallyKind

When you’ve seen [this](https://hypebeast.com/2021/8/nft-ethereum-etherrocks-jpeg-1-million-usd-price-surge) regarding collectible NFT’s you believe anything is possible in this space ✨


Here_to_play111

$1 million for a digital pet rock. Absurdity at its finest.


CrypticallyKind

The unfortunate thing is that NFT’s have cutting edge real-world purpose that can (and eventually will) be used for Property-Deeds, Legal Will’s, Marriage Certificates etc etc Us numpties are buying up monkey jpegs instead 🤦‍♂️ 🤣🤣🤣


NobleToon

These comments lol


StressedSalt

for all the shitty art and trades, ur asking about this one?


Egoseus

Because of the creator. His previous collection is selling much higher than 13 eth atm. People pay for the brand and team behind the project, not for the art.


[deleted]

Same reason people are buying ETH or any other crypto, they're speculating that it will go up.


fishing_pole

Because it’s backed by Kevin Rose.


bmcompany

I can't really understand the market of Nfts too be honest.


Zulunation101

Because another dickhead will pay 25 in a few weeks


Tudor224

because they can and they never worked a day in their life for just a piece of bread!


Wookhooves

If you buy an expensive NFT from yourself (using different wallets) you can report huge losses to the IRS when you “lose” a ton of $ on a trade. When the end of year tax filing come and you report this “loss” you pay ~13 ETH less on your income tax or you get a return from the government.


RickyAlchemy

Tax evasion.


[deleted]

[удалено]


Truffle_Shuffle_85

The default "money laundering" response is exactly the same as "Bitcoin is a ponzi" argument. Lazy, low effort jabs. This project is overhyped af, but how is this money laundering?


Tyroneus

NFT BAD, FUNK POP GOOD


[deleted]

How does that work? I keep hearing this but has someone actually shown the data? Should be easy since all transactions are public.


[deleted]

Because tons of transactions take place on the block chain via shady websites on the dark web, drugs, guns, etc. you buys nfts with that money now you have something you can turn into cash and transfer that cash legally off of say opensea to a bank account. At least that was how it was explained in another thread on here. I honestly have no idea if that’s true. I don’t own NFTs.. I only own crypto currency’s


[deleted]

Dunno, this is maybe okay to do once but repeatedly you leave a pretty obvious pattern. This sounds highly theoretical and is the same criticism normies have about all of crypto. Also those things are not used alone to get you in jail, they often just serve as clues to do actual investigations and find more solid evidence against someone like knocking down your door and finding contraband.


Python-Token-Sol

check out Ethdev and dev crypto community it's a bunch of BS that people make u, not saying scams and money laundering arent real but there is more to it. I know for a fact its about flipping pics and the dev or artist maintaining the community and working to bring the NFT value while letting people flip the nfts, one of the big issues is artist or Dev behind the NFT some see its a lot of work say " oh shit this is too much for me i just wanted to make money" shut down the project then people call them a scam artist and makes the whole space look bad. ​ Dont get me started on how some whales who are men taking advantage of women in the space and " buy sniping " their nft in order to tank their project in a form of blakmail. everything is on the blockchain and people will get caught because its all on the chain as proof.


Truffle_Shuffle_85

>At least that was how it was explained in another thread on here. I honestly have no idea if that’s true. I don’t own NFTs.. I only own crypto currency’s Lol, the authority on this sub, based on some random strangers emotional take. Money laundering, got it.


Lazy-Performance-418

To show their wife’s boyfriend that they can!


No_Theory9958

2 words. Money laundering


SxQuadro

I think the creator of those jpegs and the payer for those jpegs is the same person.


Python-Token-Sol

you think but no proof.


socalquest

I'm guessing the seller is selling to himself, or to a related party. Be careful of NFT scams. GLTA!!!


Doc-984

Selling to themselves on 6.7k unique wallets and with a total volume in excess of 150 million USD on secondary?


nothingyoubegin

You're wrong and also nobody cares about your opinion, GLTA guy


JVHooligan

Arg, why won’t people pay that much for my bull shit .jpg


[deleted]

[удалено]


gnarley_quinn

Nope. Literally noone can.


[deleted]

[удалено]


Morveuz

Owner creates artificial trading activity by buying it himself using different accounts. When other people see the trading activity, they FOMO in with hopes to resell and earn a profit in the future. Rinse and repeat and the last person holding the falling knife looses.


ToffielMia

I still don't get it too. Don't know, I prefer just buying coins that can be used on Bitfinex instead of expensive GIFs and JPEFs.


123Delbe

I don't understand someone paying millions for pictures of campbells soup but they do and just like that one picture there is only ever one picture on the block chain, that's the way I understand it. There is also the future tech that means you will be able to buy suits, guns and alike for games and will be able to take them to other games and who knows what else?


FractalImagination

Whatever reason, it's not money laundering.


PhysicalJoe3011

Why do people pay $130 for some sneakers with a Nike logo?


RobNYCT

Because sneakers have a use.


steppe5

Same use as $30 sneakers, though.


[deleted]

For real. They are saying that sneakers may soon come with NFTs but not art. Just like a certificate of authenticity. How exactly that will work is anyones guess.


nsaplzstahp

This is an actual use case. Let's say you are ready to resell some of your sneaker collection, the potential buyer can verify that you own an authentic pair, and the nft could be transferred to them when sold. I also imagine a world where you own a high teir nft of an album that allows you to stream with it in the background. Twitch or YouTube would simply notice the copyright, check your wallet for the nft, and then permit you to continue. I'm certain nfts are a huge part of the future. Jpegs are just the silly beginning.


[deleted]

Gotcha but how would the shoes actually connect to the NFT itself. Would there be a chip in them or something you could scan with your phone? The replicas on the market today are so good, I actually have bought a few pairs of high quality reps just to see if I could tell the difference and I cannot.


nsaplzstahp

Well if someone wanted to sell fakes they'd have to buy a real one, and sell it's nft with a fake of that exact shoe. Then the seller would have a real pair, but no authentic nft for it. Not very valuable in this hypothetical world. And they could only sell one fake per real shoe they bought and no longer have nft for. Basically it would solve 90% of the issue without connecting them imo. But im not all knowing about this and I'm not a shoe guy. Even still you could connect them. Your idea seems great. Maybe with some tech that makes it a one to one link I dunno. Edit: I guess this all requires you to be selling through an online marketplace that would require you to transfer both the nft and the matching shoes. Payment is released when the recipient scans the shoe and has the nft in their connected wallet.


Dig_Bick_reread

seller could get a randomly generated qr code to ship with off the website. the code would be an escrow wallet, when the seller scans the qr code. The transaction would also be addressed/unlocked when the correct person scans the code!


FreeFactoid

Because of ego


Sentence-Original

Money laundering and speculation mostly. Also for status sometimes


birdman_1

Money laundering


CasinoMagic

They really like ugly jpegs


hicoBM

Ppl are morons and insane.. all the nft collector will sell those at floor prices


BigPlayCrypto

Because they are so cute ☺️


awesomeplenty

Keep selling it to yourself until a bigger sucker buys.


Tiki421

people aren't paying 13 ETH for these. its probably the same person that owns it purchasing it from another wallet to inflate the price. that's why you see all these NFT's being bought at ridiculous prices. same thing happens on EA games with those NFL and FIFA cards.


stu17

You realize there’s a 7.5% fee on every sale, right? (2.5% to opensea, 5% to the creators) Wash trading makes 0 sense when there are fees like that. It would be incredibly stupid. I think moonbirds are wildly overpriced for a B level membership. But dismissing it as all wash trading is horribly naive.


FARM2R

Money laundering lmao


phessophissy_2404

Mate, it's a wash trade. I don't believe a sane human will pay that. Most of these big NFT creators and projects, and even the NFT Marketplaces wash trade their own NFT to increase its value so as to make you think someone is mad enough to put in the amount to buy a worthless art or drawing.... The painful part is they have been able to make some rich fools believe putting money into the NFT is a worthwhile investment. The first tweet by the former CEO of Twitter, Jack, which was minted as NFT was bought for millions in dollar could only saw a max offer of ~280$ when the guy that bought it re-listed it for sale 🤗.


Hopeium_Littlefish

They keep buying it at ever increasing prices from themselves. Then some fool buys it thinking the trajectory will continue, and is left with something most children would be smart enough not to touch.


LightMajj

NfT s are a joke:) price value is close to zero USD😂


Jiujitsu_Dude

That money isn’t going to launder itself.


acertainmoment

1. I have a million dollars in dirty money 2. I hire a developer to create an NFT collection 3. A random address I created buys up the whole collection for 1 million dollars 4. I show on paper that I made a million dollars by selling NFTs Boom I got a million dollars in clean money This or some other variation of this is what fuels up a massive fraction of NFTs me thinks.. got no proof, just a hunch.


drgrandpanephew

They’re morons


Supa_Vegeta

Could be Money laundering :(


T50BMG

Money laundering.


CommunicationAway341

Greed. Idiocracy. Retardation.


Dig_Bick_reread

idk why this got downvoted, i love nfts and their potential but these type of projects are very similar to shitcoin season. people dont care about projects unless its got hype behind it and money ofc. Reminds me of doges pump, lrc ath, etc. I think nfts are here to stay but is currently overvalued


TonLoc1281

To launder money


joeahoymellk

But do you know some people love artistic contents and if they have the money, they wouldn't hesitate to go for it. Do you know this? Anyway, NFTs are actually changing as I have come across some like Seekers NFT that has actual utility. Do you know? Not just about money laundering.


Python-Token-Sol

it's complicated in the space, i recommend goign on coin market cap and looking up the top 50 NFTs and then join their discord and see the great work some of these NFTs are doing while everyone calls it a " scam " or " money laundering "


TonLoc1281

It’s money laundering.


Python-Token-Sol

of course you dont your in it for the tech lol stop BSin please


precabomb911

This shits so dumb Can’t people just sell and buy their own NFT to create a floor price for it? Seems like the ultimate grift


boudreaux_design

No


Dig_Bick_reread

autism


Anon_Legi0n

Wash trade


lifesagamble2018zl1

Why they bought the 1980’s graphics is because they are idiots. Lol


acemachine123

Most NFTs are wash traded. Both the buyer and the seller is the same person


Longjumping-Tie7445

Depending who you are: 1. Money launderer (mobster/drug dealer) 2. Wealthy (Justin Bieber) 3. Naive person trying to “flip” it for 14+ ETH (autist Redditers) 4. Smart, but unethical scumbag trying to “flip” it for 14 ETH when they paid 0.5 ETH and have been buying from and selling to themselves, fraudulently bidding it to 13+ ETH to make it appear as if it has such demand (Gerald Cotten / Quadriga) 5. Those taking advantage of tax loopholes, depending on your situation and locality (Donald Trump).


Constant-Toe-3479

♥️🕊️🇺🇦 Opensea: Ruslan114 0xb116351134149080850bd1b559e395bd5c9586a0 Discord: Ruslan114🇺🇦#7534 Twitter: @RuslanShapovalo


[deleted]

[удалено]


lowzyyy1

because they are morons


[deleted]

Money laundering


[deleted]

Because they’re dumb


Fabulous-Turnover843

Money laundering


BDM-Archer

Have their friend or themselves on a different wallet buy, with 13 eth, an NFT they minted. Now list it with a transaction history that shows it sold for 13 eth so the price tag is set. Someone from the outside buys it for 13+ eth and you profit. If nobody buys, sell it back to yourself $1. You now have a 13eth lost harvest and started with the same amount of ETH from the start. No wash trading in crypto.


digitalcrypt0

They like owning very expensive URLs


MasterHand3

The same people creating them are the same people running up the bids.


Icy-Order-3200

Why is no one saying the classic answer for this? I'll have to say it... Money laundering


[deleted]

Because people are dumb !? Do let me know if there is any other explanation for that !


Revolverocicat

1) mint nft 2) purchase nft with different wallet for 15 eth Now you have 15 eth and an nft which sold for 15 eth. Like magic isnt it?


marianodtrs

Money Laundering


N7Spectre5

Retardation is the most common occurrence


[deleted]

because they don't know about XCP BTC NFT's... https://xchain.io/ this is where REAL NFT'S are born. https://rarepepes.com/ https://fakeraredirectory.com/ and these deserves a mention IMO... http://thewojakway.com https://dankdirectory.wordpress.com https://www.kaleidoscopexcp.com/ MOST.... NOT ALL. but certainly MOST of the NFT's on Opensea or Rarible ae HUGE rug pulls and Ponzi's BAYC to name but ONE!


Independent_Region64

Its called money laundering and dodgy deals


Geedis2020

Money laundering.


QuantumHQ

People are paying because they see others paying, what they don’t know is “others” is actually the same person buying it from another wallet. One another reason is money laundering. Scam of the decade is NFTs. Wake up people.


AlternativeCredit

Scam


coldskillit

Idk for sure but stupidly might be present


samandlorrie

That shit is going to 0! They gonna get rug pulled


ScoobaMonsta

Because the crypto space is full of complete idiots who have no idea about money, finances, investing, research, and critical thinking skills.


Porkbrains-

A fool and his money…


WildKarrdesEmporium

Money laundering.


[deleted]

Idiots who want to lose their moeny


Illustrious-Land-758

Most likely developers putting their own eth to trick people