Almost Every NFT is Worthless Now…

[Jomali]

This one goes out to all the NFT bros who a few years ago said "enjoy being poor" to people who rightfully called NFts scams, who are now facing the music.

[ridingsonic]

I'm shocked it has taken this long for NFTs to go bust. Especially since its not real art and its not tangible. Its like games on an online service. Once its gone, so are the games

[Imagniac]

As a visual artist that received so many messages from people that asked me to make NFTs because "they wanted to support me as an artist" and saying no because there already was an easy way to support my work through buying prints, shirts, originals, whatever; the NFT market crashing makes me smile :)

[trolldrool]

NFTs depended on the premise that one day in the near future, someone would be willing to pay millions of dollars for a receipt just because it was associated with a jpeg so unique that there's no other jpeg just like it. It's like people looked at comic books, learned that some nerds are willing to pay insane amounts of money for rare issues, but were completely ignorant of one important factor. That these comic books are almost always older than most people on the internet.

And because they're so old, it makes sense that there's only one or three issues in the world from the original print with the first time appearance of a beloved character that is still in pristine condition because it was never subjected to the greasy fingers of a child who bought the comic because they actually wanted to read it. It makes sense that this is something that would have value, in the form of bragging rights, to a community that has existed for half a lifetime.

Nobody is going to be interested in a receipt of a jpeg that is only unique because it's a combination of 20 different parts put together from a list of 100 different items picked out by a random number generator on a website in 2020.

[Lobeezy_n_Friends]

Hearing this made my month. Literally had a friend who stopped hanging out with my group because she wanted to focus on NFT with her new NFT buddies and that she wanted to focus on the future with her investments while we we not productive enough for her.

[monokrome]

I love how Muta is holding the camera like this, it feels like he has his hands clasped on our necks while ranting about NFTs. Being held hostage by a man driven insane by the ramblings of the masses about NFTs.

[okami-chan]

NFTs being worthless now? Imagine my shock 😂

[meatman]

“NFTs are worthless?!”

Always have been.

[destructivecriticism]

When NFT's were first booming i recall thinking "this seems ridiculous, but maybe there will be some value assigned to these tokens that will give them some kind of legitimate value" which i quickly realized was false, but the dirt on the coffin for me was the constant need for those promoting NFT'S to reassure everyone that "it isnt a scam". Always the true sign of a scam.

[Linkdarkside]

Square Enix must be proud of their NFT investments.

[Spidamonk]

I remember being in the NFT space and saw people painting their homes with images of their NFT’s. 100% they’re painted over and normal looking now

[stoneheart_raven]

Remember when Jimmy Fallon and Paris Hilton promoted buying Bored Apes and got sued for not disclosing it was a paid ad? That is what I think of when I think of NFT's.

[Dexter]

I would feel sorry for these people losing their money onto this, but then I remember when they were calling us "idiots" for not getting NFTs as well. I remember the guy saying "have fun staying poor". Ubisoft saying NFTs are "the future of gaming". I remember people grabbing art made by someone else without permission and attempting to sell them as NFTs. I even remember a colleague bragging how he made five dollars in profits by selling one and how soon he won't need to work anymore as his NFT trading business will soon skyrocket and how smug he was about it.

People were warning them this was a scam from the very beginning. These guys have spit on their faces and laughed instead.

[evillecaston]

Muta, there's another utility to NFTs that you failed to mention. In truth, they're very useful for identifying shady companies who glom onto them without a second thought.
Sure, the value of NFTs is almost zero across the board, but that doesn't mean we shouldn't still point and laugh at Square Enix and Ubisoft.

[Sleezy.Design]

When NFTs first came out, I actually thought I was being the stupid one for not understanding it. I just couldn't wrap my head around it, I never understood why people would spend their money on NFTs.

[ferretyluv]

The people I feel sorry for are the middle aged and elderly people who listened to their nephews about investing and took everything their family members said to heart. They were ignorant and scammed. Anyone younger should have known better.

[jorgemigueltavares]

NFTs are the embodiment of the expression, "a fool and his money are soon parted".

This was such a glorious trainwreck to watch.

[joppemin]

I loved how they constantly "what if"-ed until the bitter end but never delivered on anything, every project the creators vanished.
Only game that had a product was The Sandbox and I worked with them previously, their entire project was a facade to appear high quality to investors but their product was held together by ducttape and bandaids

[hansethetooly]

expecting skins from one game to fit into another is like expecting parts from your diesel truck to fit and work just fine in your gasoline racecar with zero tinkering

[sssara]

putting up an nft in a virtual mansion is the equivalent of me making my sims live their best lives while i’m depressed at home binge playing video games