Tuesday, December 20, 2022

Quoting Col. Jack Slade ...


Looking at this image says everything about the moral and intellectual bankruptcy of NFTs and the fools that buy this crap. Question, who would want this on their system let alone pay money to "own" said image where one can get it by doing a screen grab like this one. At least when one paid thousands for a tulip in Holland in the 17th century, you got the tulip. In this case, it's photons and truly ugly art.

End of rant for now but many people buy in as seen by the blurb below.


Questionable at best ...

In October, Bloomberg reported that the Securities and Exchange Commission is investigating whether Yuga Labs’s NFTs and associated token, ApeCoin, are unregistered securities. And last June, Yuga Labs sued the artist Ryder Ripps, alleging false designation of origin, false advertising, cybersquatting, trademark infringement, unfair competition, unjust enrichment, conversion, and tortious interference. Ripps had helped spread the conspiracy theory that the Bored Ape Yacht Club’s imagery was laden with racist and Nazi iconography and then launched a rival NFT collection.

Sleaze & then some ...

Alegre will also have to contend with public skepticism of NFTs, and the onset of crypto winter in the last eight months, which had led to a precipitous drop in value for many NFTs, including collections that Yuga owns.

None of the recent turmoil in the crypto market seems to have deterred Yuga Labs’s founders. As Aronow and Solano wrote in their welcome blog to Alegre, “We’re extremely bullish on NFTs and the utility this technology brings in the long term. Yuga Labs will continue to stretch the boundaries of what is possible and keep our community updated on all the cool shit we’re working on along the way.”

In essence ...

Col. Jack Slade: This is such a crock of shit! - Scent of a Woman


The opposite of sleaze is it not?

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