Tezos

The Crypto Times 0015 - NFT ShitShow

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tz1PABDPXbg9rqz62umCaQ8YhCUajmoYK2Cb

Description

No. 0015 January 25, 2023 : The fifteenth issue of The Crypto Times and we're jumping into the current state of NFT's. TLDR: It's an absolute ShitShow. Where do we begin? How about with a couple of Legacy Brands who thought NFT's translated into "Easy Money". Porsche decided they would drop a 10K supply of high end NFT's priced at 0.911 eth, clearly a cash grab, but unlike their high performance vehicles, owning a Porsche NFT will not get you laid. Meanwhile National Lampoon decided to drop their collection priced at 0.2 eth for a "Poison Pill", cool name, but sorry Boomers you misread this market demographic. You're kind of irrelevant here. Speaking of Cash Grabs, has anyone else noticed a resurgence of NFT projects that were popular back in 2021, but disappeared during the Bear? Yeah, we haven't either. lol. You're not fooling anyone. Now that the Bull is Back the founders think they can come and grab some more easy money from their communities. That's a Pass... A Kid Called Beast went public with a mint this past week and it was a mess. The WhiteList process was a fiasco. They gave out too many spots. On mint day, the founders twitter account was compromised and the mint link led to a page where your wallet would be drained upon connecting. Clearly, Elon was to blame for this. At least the founders thought so. Normally this kind of nonsense would kill a mint right then and there, but the founders were engaging in floor sweeps and wash sales to show a level of activity that would induce FOMO minting and more wallet draining. Disgusting. Speaking of Scams, DeGod is being featured in back to back issues of The Crypto Times since he used the malicious hack perpetrated against him to gain sympathy from his community and help with sales from his "new" NFT project that he was able to create and offer for sale within 24 hours. Oddly suspicious. Some of these people have no shame. We didn't have room on the front page for this, but Kevin Rose had all his OpenSea assets transferred out of his wallet with one click of a txn signing from a fake SeaPort. Ouch. Over 2million USD worth of NFT's gone. He probably should have hired DeGod to look over his txn's...too soon? And lastly, BAYC released Dookey Dash, a low effort copy of Temple Run in an effort to keep the apes placated until The Other Side can be completed. Everybody likes shiny new objects. . .1600 x 1300 pixel png file. created by Nite Owl