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.
funny thing about the bourgeoisie. All through the 1800s most bourgeois economists were convinced that labor is the source of value in commodities. After all, that is what Adam Smith and David Ricardo thought. Then Marx comes along and takes that fact to its logical conclusion (while adding nuance that it was labor power and not labor, but I digress): Proletarian revolution and the overthrow of the bourgeoisie and the abolition of wage labor and the capitalist mode of production. The construction of socialism. So from that point onwards Capitalists began increasingly inventing and embracing subjective (i.e. useless, non-materialist, non-predictive) theories of value, in order to distance “mainstream” economics from Marxist conclusions. This, coupled with the creation of fictitious capital, leads to them huffing their own farts more often than not, especially during recurring economic crises. Hence, nonsense like NFTs.
leads to them huffing their own farts more often then not
Techbros tried to call this “vectorialism” some years ago: the belief that capitalism would be replaced by even more alienated and displaced abstracts of capital.
oh TIL, guess I should have read A Hacker Manifesto. https://metacpc.org/en/mckenzie-wark/ post-marxist tech thought
dunno if there’s anyone calling themselves a vectoralist though
Google Glass was INEVITABLE.
VR company meetings were INEVITABLE.
The Metaverse™ was INEVITABLE.
NFTs were INEVITABLE.
Venture capital is driven by whatever brainworms have wriggled into credulous techbros that particular season.
i just wish that new technology that came out was cool and good and made our lives better. When I was a kid all the phones went from landlines with boingy cords to wireless! The internet went from annoying dial-up noises that turned off the phone to so fast you could watch a movie faster than you could download a song just 5 years prior. Cars started coming with the unlocking button fob! THE BUTTON YOU PRESS TO UNLOCK YOUR CAR! it was so cool! Now all the technology sucks man. When’s the last time some little cool gizmo came out that made our lives better?
I was learning 3D art and videogame design when NFTs became popular, I uploaded some renders I made for fun as art proyects to a NFT site, some idiot bought it for 1ETH, around 1000€, LOL
it was a money laundering scheme, just a techbro “innovation” that perfectly copied the role the fine art market plays in haute bourgeois society
No need to use the past tense here. I have a friend who is still slinging NFTs. I haven’t talked with him in years but I stalk him every now and then to check in on him. He invested in bitcoin early on and then dumped it before the pandemic. If he’d held on to it (and then dumped it at just the right time), he’d be a billionaire now. So I think he’s reluctant to let go of NFTs. His big break is just around the corner. And he’s also a millionaire and his parents are hedge fund managers so he wins either way, at least until the revolution comes.
