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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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[-] FlyingSquid@lemmy.world 19 points 1 year ago

Remember when Seth Green said he had a whole TV show ready to go based on his his Bored Ape and then someone stole it? He paid $300,000 to get it back and ever since... no TV show. I'm wondering if he's just embarrassed at this point.

[-] QuaternionsRock@lemmy.world 8 points 1 year ago

buy stupid NFT

pitch TV show about said NFT

get investors to pay for it

take out insurance on NFT and TV show

never bother to make TV show

just collect salary as passive income

“leak” private key a few days before “release”

collect insurance to repay investors

profit

[-] PoopyInThePeePeeHole@lemmy.world 5 points 1 year ago

No one is going to insure an NFT

[-] thalience@lemmy.world 4 points 1 year ago

I lost a ton of respect for Seth Green on that one. I hope he's embarrassed!

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

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