Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment
arstechnica.com
Lawsuit: Sotheby's $24M sale to FTX gave Bored Ape NFTs "an air of legitimacy."

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.

  • @patachu@lemmy.worldEnglish
    23•1 year ago

    I just checked in on how NBA Topshot (basically sports highlight NFTs) are doing and apparently they are still finding greater fools.

    • @kameecoding@lemmy.worldEnglish
      16•1 year ago

      they are only greater fools if they come from the greater fool plains of the US, otherwise it’s just sparkling bagholders.

      • @Zetta@mander.xyzEnglish
        0•1 year ago

        To be fair what people value something at, is what makes it valuable or not. It’s not really a delusion and just what some people think, so that makes it true