Leopards Ate My Face

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Purchasers of worthless digital monkeys sue worthless digital monkey auction house after realizing that worthless digital monkeys are worthless (arstechnica.com)

submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]

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The Sotheby's auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021.

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[–] [email protected] 21 points 2 years ago (2 children)

I don't even understand how someone could fall for NFTs. It was so obviously a stupid, broken concept from the very beginning, it hurts to know that anyone actually was so dumb spent money on this.

[–] [email protected] 12 points 2 years ago

Conmen typically target people of low intelligence in scams because it increases the chances of said scam being successful, like the classic Nigerian Prince scam littered with spelling inaccuracies aimed at duping the idiots.

[–] [email protected] 7 points 2 years ago (1 children)

Seth Green was literally going to make a TV show about his worthless scam. Like, bruh, you made Robot Chicken and have been on Family Guy for 24 years. Are you actually out of ideas?

[–] [email protected] 6 points 2 years ago

He wanted to use it as a mascot and written off the purchase as a business expense that would also gather value because now his bored ape has a show. Tons of advertising for the ape, in the form of the show, that he flips his 300k purchase for millions would normally be a smart investment except NFTs spoil all good things.