The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations
Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.
Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.
What’s just as funny as that they’re now falling for the AI scam
They get to fire more people while huffing techno hopium farts. That’s a win for them at least for a while.
They saw what happened to cryptocurrency and they were not willing to pass on the next new thing called “crypto” using a similar technology. With bitcoin producing results many tens of thousands of percent in increased value it was something they were all willing to commit to.
Had cryptocurrency not happened the NFT concept simply wouldn’t have drawn the interest it did.
Oh I’m not. I’m just saying that they wouldn’t be popular at all without the fomo that bitcoin has created. Truly just a 10k investment in bitcoin, which would be peanuts to some of these millionaires, would have resulted in billions in return. They know that and do feel like they missed out so their reaction to nfts is specifically tied too bitcoin’s success (in increasing in value) itself.
Anyone who wants to make their money back, I can sell you some cryptonight. It’s based on DLT and lets you exclusively own some night time. If my sources are right, it’s about to take off big. Especially if you’re in the northern hemisphere—if you buy now, you can sell it to Australians straight after for more than you paid because their nights are getting shorter while yours are getting longer. You don’t want to miss out, do you?
I sometimes think that FOMO in the tech world is a real fear that keeps these tech execs up at night. Even if it was obvious dumb bullshit I think a lot of these guys have seen so many tech empires rise and fall so rapidly to the point they’re barely even remembered and I think there’s a fear that they could be the next short sighted dummy who writes off the new technology as a fad and completely misses out on the next game changer.
Square Enix selling the rights to Deus Ex and Tomb Raider so they could leverage more capital for crypto investment will never not be funny to me.
I know we haven’t seen anything material manifest yet but: stupid as crypto and NFTs are I maintain this is probably the best thing that could have happened snice Square Enix was probably just gonna sit on the IP and produce shitty mobile titles or something for the next decade anyway. Now…we might actually got something worth checking out.
