[C19fan]

Never heard of the word salad collection. Mt minimal knowledge of a NFT is it owning a copyright to digital visual content. Is Etherium the bloc chain technology? Whatever fsncy names it is just another poof, it's gone moment. For $1.3 MM, one can buy some nice art to hang on the wall and it is real.

[Flick Lives]

Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It’s Now Worth $69K

—

The trouble with the greater fool theory is eventually you run out of greater fools.

[C19fan]

Never heard of a Renoir declining in value llike that. A Renoir is a physical object not some fad in the virtual ether.

[Pigsley]

Just think how much these birdbrain celebs lost on FTX.

[EEGator]

NFT is the stupidest thing ever.

That said, Justin is worth $200 million.

[jpp113]

NFT’s are digital cartoon drawings, for gods sake. Play stupid games, win stupid prizes

[nesnah]

He would have made out better buying a Hunter Biden choice painting of pole dancing sluts.

[Vendome]

[DannyTN]

Buy low, sell High.

Beeber must have bought while high.

[lee martell]

After losing all that cash, Justin must feel like a
Monkey’s Uncle.

[who_would_fardels_bear]

The sad thing is that in order to keep the block chain from getting too big the NFTs tend to be simple small JPEGs.

To save even more space, some NFTs aren't even a graphics file. Instead, it's just a link to a site which may or may not still show the graphics image.

There's all this hype that block chains can be used to securely save contracts, medical records, etc. but the truth is that if entire documents are stored on the block chain then it will explode.

[TexasFreeper2009]

a fool and his money are soon parted.

[Harmless Teddy Bear]

A year ago I said that NTFs were this decade's Beenie Babies.

The pop happened a bit sooner then I expected.

[monkeyshine]

I think you got it right. The "block" for that NFT on the blockchain is the "certificate of authenticity". It doesn't mean the digital image it authenticates is worth anything.

In fact, it's probably more difficult to enforce than a copyright. If I aped the image of his ape and sold it 10,000 times what law can he use to sue me? Unless there is an accompanying ® issued by the USPTO?

[BookmanTheJanitor]

I need to give Justin a sales call...

[sergeantdave]

Measured in personal buying power, the fall in the price of the NFT ape is minuscule compared to the fall of the fake US dollar.

Buy beans and bullets.

[doorgunner69]

A “bored ape”??

Is this some iFag smartphone thing?

[Jonty30]

NFT’s are virtual real estate that you are supposed to be able to resell. I can’t see why anybody would buy one for investment purposes. If I created an NFT, I can just press copy and paste and create another.

Even if I didn’t do that, somebody else could.

[NetAddicted]

Every time I see acronym NFT, I have to look it up. So, one of something is worth mega bucks?

[Zack Attack]

Rather have the Grape Ape than a bored ape.