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.

You are viewing a single thread.
View all comments
103 points

The fact that they still sell for 50k is insane. It’s a shitty picture with a convoluted proof of ownership. The fuck.

permalink
report
reply
8 points

I all but guarantee you that those are getting shuffled around between owners to keep the price inflated.

permalink
report
parent
reply
2 points

Well, it’s not that convoluted, it’s basically just a hashmap.

permalink
report
parent
reply
45 points
*

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.

permalink
report
parent
reply
15 points

It has to be some form of money laundering.

permalink
report
parent
reply
1 point

Shhhhhhh don’t tell them

permalink
report
parent
reply
8 points

It is, but tsss.

permalink
report
parent
reply

Leopards Ate My Face

!leopardsatemyface@lemmy.world

Create post

Rules:

  • If you don’t already have some understanding of what this is, try reading this post. Off-topic posts will be removed.
  • Please use a high-quality source to explain why your post fits if you think it might not be common knowledge and isn’t explained within the post itself.
  • The mods are fallible; if you’ve been banned or had a comment removed, you’re encouraged to appeal it.
  • For accessibility reasons, an image of text must either have alt text or a transcription in the comments.
  • All Lemmy.World Terms of Service apply.

Also feel free to check out !leopardsatemyface@lemm.ee (also active).

Icon credit C. Brück on Wikimedia Commons.

Community stats

  • 4.2K

    Monthly active users

  • 39

    Posts

  • 1.7K

    Comments