In other words, blockchain/NFT scammers find marks by associating themselves with literally whatever sounds good— financial liberation, musicians, distributed networks, "green energy". Now that Mastodon is starting to culturally "look good", the blockchain/NFT scammers have an incentive to find ways to associate themselves with it and possibly even try to take credit for it after the fact. And though they have no useful technology, they *do* have VC money to spend on PR and acquisitions. (2/2)

@mcc but VC money is drying up. That’s why Twitter, Facebook, NFTs, and crypto are dying. It’s why Google is losing money. Inflation means that it now costs money to lend money, and tech companies are struggling make up the profit they need.

@UrbanEdm @mcc many of these companies are still making money, but not the easy money they once were. Hence the ridiculous $8 Twitter Blue, ads on Netflix, and price hikes across the board. As for Google, they’re still profitable, but their profits decline 27% in Q3. Yes, it’s a profit, but it’s not the profit that investors expect or reward.