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."
Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment
Lawsuit: Sotheby's $24M sale to FTX gave Bored Ape NFTs "an air of legitimacy."
@arstechnica Oh no.
Anyway...
@arstechnica lol
If it’s any consolation, there are lots of JPEGs on the internet and most of them are free.
@arstechnica to be honest, this just looks like a normal art world scam.
A third party, close to the artist, pays way over the odds to set a price floor.
This is the digi version. #NothingNewUnderTheSun
@arstechnica what is the famous PT Barnum quote? That I think pretty much sums up this whole NFT thing? What was it again?
Oh right...
"There's a sucker born every minute"
That pretty much covers it.
Did I read that right? The Ape jpegs still sell for 50.000$?
People are stupid.
If I'd fallen for those apes I'd be going bananas too!
💰🙈🍌️
@arstechnica can everyone in this lose?
Sotheby's loses all the money and the nft buyers are awarded a handful of water damaged pogs, a worthless 90s era DC issue 1, a broken POP figure, a dead tulip, an unwanted rookie card and a torn beanie baby to share.
The plaintiffs lawyers get the cash.
@arstechnica @f4grx hahahahahahahahahahaaaaaaaa
hahahahahhahahahahahaaaaaaa
haaaaaaahaaaaaaaahaahahahaha
(And breathe)
HaHAAAAHAHAhahahaaaaaa
@arstechnica HOW CAN MY BADLY ALGORITHM GENERATED MONKEY PICTURES BE WORTH NOTHINGY?
Who could have warned me?!?
@arstechnica
Those stupid MF'ers should have put their money into a sure bet like Dogecoin like I did!
Hahaha suckers!
@arstechnica Back in the 19th century, my great-great grandfather was sued by his two former partners after their business went bust. He won the suit, and the judge's decision basically came down to, "Mr. Goodwin was under no obligation to warn the plaintiffs they were being stupid."
Some things haven't changed much in 160 years.