[bko]

> But despite all the hype, it doesn’t seem to be the starving artists making money on NFTs. It’s all established crypto speculators and crypto businesses selling shovels in this gold rush. The starving artists are just a clever narrative to distract from who’s actually profiting.

That's the weird thing about NFTs. I hear its supposed to help artists, but a lot of the popular NFTs have literally no names or public people associated with them. Maybe I'm just looking at the wrong ones, but for instance look at Bored Ape yacht club. You can't find the name of a single person associated with it. The art is cool sure, but you don't know what you're supporting. For all we know it could be a spin-off of a Russian bot farms with art lifted from other places.

It was all trademarked last month. It's still pending!

[0] https://boredapeyachtclub.com/#/

[dorkwood]

> I hear its supposed to help artists

That's the grift. A handful of artists get paid and push the story that NFTs help artists. Throngs of starving artists throw their money onto the pile, only to never receive a cent.