The market for the digital items plummeted after their glory days in 2021 and 2022, and they’ve proven to be not only an artistic and aesthetic disaster, but a shortcut to financial ruin
In hindsight, the monkey NFT thing was a “good” idea but poorly implemented. It was an attempt to create a digital version of beanie babies or baseball cards.
I mean “good” if you consider beanie babies and baseball card collecting and the value speculation a good thing. (I don’t.)
It was very well implemented. The people that invented, designed, and minted them made billions of dollars from a bunch of gullible idiots using very little work, and they got away with it too.
In hindsight, the monkey NFT thing was a “good” idea but poorly implemented. It was an attempt to create a digital version of beanie babies or baseball cards.
I mean “good” if you consider beanie babies and baseball card collecting and the value speculation a good thing. (I don’t.)
It was very well implemented. The people that invented, designed, and minted them made billions of dollars from a bunch of gullible idiots using very little work, and they got away with it too.
Yeah that’s true.