Friday, March 26, 2021

NFT ??? NFW !!!

Would you pay $ 69.3 million for this? Somebody did:

You can read about it here:

https://www.coindesk.com/pseudonymous-69m-beeple-nft-buyer-metakovan-reveals-true-identity

Is this "non-fungible token" art, an investment, or a scam?

The entire blockchain phenomenon seems to me just another way to "create wealth" by getting suckers to exchange real money for something which has no intrinsic value. Yeah, some people are going to get filthy rich from this kind of crap, but isn't that what con men always do - get rich on other people's money?

Count me out. NFW !!!

Here is additional discussion:

https://www.zerohedge.com/news/2021-03-26/absurd-nft-prices-expose-global-financial-house-cards

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