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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 1 year ago* (last edited 1 year ago) by LeanFemurs@lemmy.world to c/leopardsatemyface@lemmy.world
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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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[-] omgarm@feddit.nl 102 points 1 year ago

The fact that they still sell for 50k is insane. It's a shitty picture with a convoluted proof of ownership. The fuck.

[-] atretador@lemmy.world 44 points 1 year ago* (last edited 1 year ago)

A lot of those transactions is just to up the price so dumb asses think they are worth it. The other half is just dumb asses ofc.

[-] Tugboater203@lemmy.world 15 points 1 year ago

It has to be some form of money laundering.

[-] whataboutshutup@discuss.online 8 points 1 year ago

It is, but tsss.

[-] atretador@lemmy.world 1 points 1 year ago

Shhhhhhh don't tell them

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this post was submitted on 17 Aug 2023
1020 points (98.3% liked)

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