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submitted 1 year ago* (last edited 1 year ago) by LeanFemurs@lemmy.world to c/leopardsatemyface@lemmy.world

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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[-] 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

No one is going to insure an NFT

this post was submitted on 17 Aug 2023
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