Ars TechnicaAug 17, 2023

Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment

Lawsuit: Sotheby's $24M sale to FTX gave Bored Ape NFTs "an air of legitimacy."

https://arstechnica.com/tech-policy/2023/08/buyers-of-bored-ape-nfts-sue-after-digital-apes-turn-out-to-be-bad-investment/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment

Lawsuit: Sotheby's $24M sale to FTX gave Bored Ape NFTs "an air of legitimacy."

Ars Technica
Show threadBrynawel

@arstechnica

Did I read that right? The Ape jpegs still sell for 50.000$?
People are stupid.

Aug 17, 2023 at 7:22pmWeb
Show threadTor Iver WilhelmsenAug 17, 2023
@Brynawel @arstechnica No, distributed ledger entries pointing to JPEG copies residing on OpenSea’s cloud servers still sell for 50k.