What an indictment of our society that this fuck ass ever had that much money and now has more

Money laundering?

no one else going to point out that Logan Paul is somehow not the worst person in that picture

How the hell is it even worth $155?

I kinda wish NFTs were still somewhat popular, they were such an effective indicator for the dumbest people alive.

Nah, it’s genius. A fantastic way to laundry money. It’s like buying paintings but you don’t even need to pay someone to appraise it or a good painter with some sort of good technique.

"Today it is worth $155."

LMAO. No.

$155 looks a little high to be honest.

The very idea of NFTs were wild. You don't own a physical image, you own something kind of like a copyright to an image but you don't in fact own the actual copyright. But it's gonna cost you alot of money and somehow make you even more money someday.

Odd, I always thought they were a means to launder your money.

I used to think Bitcoin was a ponzi scheme. I still do, dut I used to, too

i fucking loved NFT startups in 2021. it was the definition of easy money. I had like 20 clients like that in 2021 alone and it was the shit. the funniest bit is that literally none of these companies or projects were around by the time 2023 started - all wiped out and most of these entrepreneur bros just moved on to do disposable AI startups instead with equally nothingburger results. what's baffling is that these motherfuckers still manage to raise investments for some bullshit pie in the sky but actual techies with ideas struggle to get a quarter worth of financing even though their ideas actually have legs

Can confirm, I took one look at NFTs back in 2021 and immediately said "that's fucking stupid."

I somehow....didn't fall for these?

NFT? you mean money laundering?

oh throw up its lauren chen

It's like a tax on stupidity.

Isn't it worth exactly what the highest bidder will pay? Where would the $155 number come from? Seems like an NFT famously owned by Logan Paul would sell for more than $155 anyway. Not saying he'd make a profit here...

How much is it worth in Trumpcoin?

Sorry, that's not worth $155.

And yet this degenerate asshole is worth ~$150M Laying out bare, being 'smart' has no bearing on wealth.

Get fucked.

We had this ruining the art world right before AI started taking its shot.

NFTs died miserably.

Now it's AI's turn.

It was content. He likely made more off of the clowns that made him a millionaire than it cost.

Why is it even worth $155?

What I want to know is how it's still worth $155?

It wasn’t stupid SOMEBODY made a shitload of money - his money.

Terrible investment. That was probably like 2 months of his income.

To be fair, there are active buy offers for that one for ~$5k. The $155 figure is a collection offer, meaning someone is ready to buy anything in that collection, no matter how shitty it is. And, at practically zero liquidity (only one of those ever sot sold after minting), the concept of value becomes meaningless, he could accept the offer and take back $5k, he could list it at something like $20k and it'd likely quickly sell, or he could bullshit one of his rich friends to buy it from him for a million... or he could print that out and jerk it off to it, the therapeutic effect of which might be worth millions for his entertainment business, who knows.

If it was easy to buy, I would pay $5 for this thing, so I could tell the three people in my life that would be amused by my owning it. That's the floor on the market, for this particular one - so it still has a long way to fall.

Id probably have bought it as a sticker for 0.50 or a dollar when I was 10

Not Financially Tenable

Is this the guy who got his jaw busted, and now wants to fight a football player?

That scam exists because of all the deregulation. With proper regulation all the people pushing NFTs would have had to pay back all they stole.

Wouldn't even pay for his jaw repairs these days

But the Metaverse!!!!

Is that Lauren Chen, the Russian agent?

I bought for the first time a few NFTs this year. Basically that was the only way for me to buy FIFA WC26 tickets in the FIFA blockchain.

Who owns it now? I suppose thé value change when its sold. Any wat to sée thé past grades?

Like a lot of the art world, I'm pretty sure these were mainly used for money laundering.

I'm very sure it's the same kind of shit with the retro game ratings https://youtu.be/rvLFEh7V18A

Trends often look obvious in hindsight. What’s interesting is how every cycle teaches people something new about hype, risk, and timing.

Big Philomena Cunk energy in that comment.

the Pauls so thier grift was dying "targeting children for views" so they pivoted to maga.

not f'n there

No what's nft?

NFTs were 2021? Damn that was a while ago.

Then he made it all back on a Pokemon card, right?