@rra from wp: "The NFT market value tripled in 2020, reaching more than $250 million. During the first quarter of 2021, NFT sales exceeded $2 billion."
@entreprecariat@rra the size of the economy doesn't make it a good idea. NFTs are just very enviromentally unfriendly and basically unenforceable derivatives.
The "unenforceable" part is what makes them a borderline scam.
@entreprecariat@rysiek@rra if your initial conclusion was simply that it was ridiculous, you were absolutely not wrong. after the hype explosion earlier this year the space is now mostly a cesspool of crypto pump-and-dumpers (NFTs help create a smokescreen of legitimacy around crypto in general) with a few diehard artists still begging for attention at the fringes.
@entreprecariat @rra that's why I'm not ignoring it. I'm pushing back.