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by ganstyles 1929 days ago
Largely NFTs are an astroturfing job similar to crypto coins and things of that nature. Look at HN and search for NFTs. You'll see that there are a handful of articles years ago, but the vast, vast majority of articles/stories posted on NFTs in the last two weeks. Same on clubhouse, nothing that I recall on NFTs for a year, now at any given time there's a plethora of rooms with scare tactics titles like "Get in on NFTs now or the future will leave you behind" or "Become a millionaire with NFTs."

Not saying there's not some use for them, but this pattern is a huge red flag that there's a pump and dump style thing going on behind the scenes. ICOs and other cryptocurrency shared and share the same pattern.

1 comments

That can easy be explained by their adoption by the rich and famous. Art NFTs were only made by niche artists until recently.

Now that they're somewhat mainstream yet not well understood by the public I would be more suprised if people weren't preaching it as the best thing since sliced bread.