- cross-posted to:
- technology@beehaw.org
- technology@lemmy.ml
- technology@lemmy.world
- cross-posted to:
- technology@beehaw.org
- technology@lemmy.ml
- technology@lemmy.world
The Sotheby’s auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021.
The fact that they still sell for 50k is insane. It’s a shitty picture with a convoluted proof of ownership. The fuck.
A lot of those transactions is just to up the price so dumb asses think they are worth it. The other half is just dumb asses ofc.
It has to be some form of money laundering.
It is, but tsss.
Shhhhhhh don’t tell them
I all but guarantee you that those are getting shuffled around between owners to keep the price inflated.
Well, it’s not that convoluted, it’s basically just a hashmap.