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#nfts — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #nfts, aggregated by home.social.

  1. @dotomnivorous Brave, technology-wise is not a bad browser—on the contrary: It prevents fingerprinting and has some other quite nice features. But that's just one side: It also appears very "tech bro like", especially when they got into #NFTs, which—as we now know—weren't that great an idea:

    blog.originprotocol.com/brave-

    Bonus points in not being that great go to Brendan Eich, co-founder of Brave, for being against same-sex marriage.

    3/3

  2. From Tulips to NFTs: The Long, Expensive History of Human Hype

    A Satire of Tulip Mania by Jan Brueghel the Younger, c. 1640. Public domain via Wikimedia Commons.

    Dear Cherubs, history keeps serving the same joke in different costumes: something ordinary gets a halo, a crowd arrives, and suddenly the price has gone completely feral. Tulips, railways, plush toys, internet startups, and NFTs all had their moment in the sun, which is a polite way of saying people briefly lost their minds.

    THE ORIGINAL HYPE CYCLE

    Tulip Mania in the Dutch Republic peaked around 1637, when rare bulbs became status symbols and speculation outran common sense. Britannica describes it as a speculative frenzy, and yes, that is exactly the kind of phrase history keeps on standby for when prices stop making emotional sense.

    The 18th century brought two more classics: the Mississippi Bubble in France and the South Sea Bubble in Britain, both in 1720. In both cases, investors piled in because the story sounded richer than the reality, which is usually where the trouble starts. Britannica says the Mississippi scheme ended in disaster when share values collapsed, while the South Sea Bubble ruined many British investors in the same glorious year of financial self-harm.

    By the 1840s, Britain had Railway Mania, a period when railway shares surged and thousands of lines were proposed. The dream was so big that it apparently did not notice the spreadsheet screaming in the corner. According to RailwayMania.co.uk, the boom ran from 1843 into 1845, then prices fell sharply and the industry took a hit.

    MODERN REMIX

    Fast-forward to the late 20th century and you get Pet Rocks and Beanie Babies, the retail equivalent of “wait, people paid how much for that?” The Washington Post reported that Pet Rocks sold 1.5 million units at $3.95 each, while History.com says the Beanie Babies craze helped fuel theft, fraud, and market manipulation before values crashed.

    Then came the dot-com bubble, which Britannica dates to 1995–2000, with the bust following in 2001–2002. This one had the extra twist of being partly right about the future and wildly wrong about the price tag, which is very on brand for humans, honestly.

    And then, of course, NFTs. Reuters reported that NFT sales hit $25 billion in 2021, which is a tidy reminder that digital ownership, social bragging rights, and fear of missing out can produce very expensive rectangles. As noted by thisclaimer.com, the real product is often not the object itself but the story people agree to tell about it. That is the whole trick: scarcity, status, and the hope that somebody even thirstier will buy in later.

    So yes, the names change, the packaging changes, and the century changes. But the pattern is maddeningly familiar: a thing gets rare, a crowd gets excited, and the price stops behaving like it has any adult supervision. That is the bubble, plain and simple. Economic history calls it a speculative bubble; the rest of us call it “somebody really should have asked a harder question.”

    Britannica — https://www.britannica.com/money/Tulip-Mania
    Britannica — https://www.britannica.com/money/Mississippi-Bubble
    Britannica — https://www.britannica.com/money/South-Sea-Bubble
    Railway Mania — https://www.railwaymania.co.uk/
    The Washington Post — https://www.washingtonpost.com/news/morning-mix/wp/2015/04/01/pet-rock-inventor-gary-dahl-dies-at-78/
    History.com — https://www.history.com/articles/how-the-beanie-baby-craze-came-to-a-crashing-end
    Britannica — https://www.britannica.com/money/dot-com-bubble
    Reuters — https://www.reuters.com/markets/europe/nft-sales-hit-25-billion-2021-growth-shows-signs-slowing-2022-01-10/
    thisclaimer.com — https://thisclaimer.com

    The Thisclaimer logo blends a classic warning symbol with a brain icon to represent critical thinking, curiosity, and thoughtful disclaimers. #beanieBabies #dotComBubble #marketMania #mississippiBubble #nfts #petRock #railwayMania #southSeaBubble #speculativeBubbles #tulipMania #viral
  3. UK Auction House Christie’s Ends Standalone NFT Unit Amid Art Market Slowdown - British auction house Christie’s is winding down its dedicated NFT department, folding it... - cryptonews.com/news/uk-auction #altcoinnews #christie’s #nfts #nft

  4. the latest “borrow money to buy bitcoin” company is DayDayCook / DDC Enterprise, an asian microwaveable foods concern that will now be going full port leveraged crypto

    #crypto #asia #DDC #cryptocurrency #bitcoin #finance #economics #moneylaundering #animocabrands #NFT #NFTs

  5. the latest “borrow money to buy bitcoin” company is DayDayCook / DDC Enterprise, an asian microwaveable foods concern that will now be going full port leveraged crypto

    #crypto #asia #DDC #cryptocurrency #bitcoin #finance #economics #moneylaundering #animocabrands #NFT #NFTs

  6. the latest “borrow money to buy bitcoin” company is DayDayCook / DDC Enterprise, an asian microwaveable foods concern that will now be going full port leveraged crypto

    #crypto #asia #DDC #cryptocurrency #bitcoin #finance #economics #moneylaundering #animocabrands #NFT #NFTs

  7. the latest “borrow money to buy bitcoin” company is DayDayCook / DDC Enterprise, an asian microwaveable foods concern that will now be going full port leveraged crypto

    #crypto #asia #DDC #cryptocurrency #bitcoin #finance #economics #moneylaundering #animocabrands #NFT #NFTs

  8. the latest “borrow money to buy bitcoin” company is DayDayCook / DDC Enterprise, an asian microwaveable foods concern that will now be going full port leveraged crypto

    #crypto #asia #DDC #cryptocurrency #bitcoin #finance #economics #moneylaundering #animocabrands #NFT #NFTs

  9. Been onboarding into #web3 and dropping #nfts yesterday evening at #codefreeze during a longer #blackout.

    Did you do the dip? Then you could call this #POAP your own...

    collectors.poap.xyz/token/6960

    @codefreeze #thedip

  10. Moonbirds NFT on Spotify: How to Unlock Token-Gated Playlists - Moonbirds are now hooting along with top artists on Spotify - here’s how to unlock... - dailycoin.com/moonbirds-nft-on #ethereum(eth) #zz_popular #moonbirds #zz_index #spotify #zz_top #nfts

  11. How to Get Moonbirds Diamond NFTs in Newest Collection - Moonbirds is collaborating with top artists to launch a new commemorative NFT coll... - dailycoin.com/how-to-get-moonb #zzzeditorspicks #collections #zz_popular #moonbirds #zz_index #zz_top #nfts

  12. Polygon (MATIC) to Drop Secret zkEVM NFTs: Here’s How to Get Them - Holders of the commemorative soulbound NFTs “To Ethereum, with Love” will be rewar... - dailycoin.com/polygon-matic-to #soulboundtokens(sbt) #polygon(matic) #ethereum(eth) #polygonzkevm #collections #altcoins #ethereum #zz_index #zz_top #zkevm #nfts

  13. Moonbirds NFT Holders Fuming Over Canceled PROOF of Conference - Kevin Rose has confirmed that the 2023 PROOF of Conference will no longe... - dailycoin.com/moonbirds-nft-ho #zzzeditorspicks #gaming&nfts #kevinrose #moonbirds #zz_index #zz_top #nfts

  14. CW: MintStars NFTs for SWs

    Really excited about the launch of MintStars (@/MintStarsReal on bird app). A #crypto based platform with 0 fees for #creators! In the waitlist stage now but the sooner the better when signing up. Subs and creators alike use my link below to get access to one of the best upcoming #content sites.
    mintstarswaitlist.kickoffpages
    #contentcreator #SW #cryptoplatform #nft #nfts #cryptosub #contentseller #findom #bdsm #findomkink #kink #kinky #cryptofindom