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Jack Dorsey’s $2.9M NFT dropped 99% in value

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Re: Jack Dorsey’s $2.9M NFT dropped 99% in value

#11

Post by dvt »

gkoberger wrote: post #5
dvt wrote: post #3

Kevin Rose just raised $60M+ this weekend[1], so unlikely that the NFT market is "crumbling." [1] https://cryptobriefing.com/moonbirds-set-to-bring-in-66m-as-...

I think you mean $75M. 10,000 moonbirds * 2.5 ETH * $3,000 https://moonbirds.xyz/ (EDIT: Saw the post; that's only PROOF and only half of them. There's 10,000 total and all will be minted for 2.5ETH)

Ah yeah, the post is about PROOF not moonbirds, I'll find a right one. One of those mornings, just had my coffee :)

Re: Jack Dorsey’s $2.9M NFT dropped 99% in value

#12

Post by throw_m239339 »

dvt wrote: post #3

Kevin Rose just raised $60M+ this weekend[1], so unlikely that the NFT market is "crumbling." [1] https://cryptobriefing.com/moonbirds-set-to-bring-in-66m-as-...

Yes, at some point too ICO were raising hundreds of millions of dollars. Can you point me to a single ICO were "investors" actually made money on the long run?

Re: Jack Dorsey’s $2.9M NFT dropped 99% in value

#14

Post by dvt »

throw_m239339 wrote: post #12
dvt wrote: post #3

Kevin Rose just raised $60M+ this weekend[1], so unlikely that the NFT market is "crumbling." [1] https://cryptobriefing.com/moonbirds-set-to-bring-in-66m-as-...

Yes, at some point too ICO were raising hundreds of millions of dollars. Can you point me to a single ICO were "investors" actually made money on the long run?

Most NFTs are probably a scam, but I was just arguing against the specific point of the article that the market is "crumbling."

Re: Jack Dorsey’s $2.9M NFT dropped 99% in value

#18

Post by AutumnCurtain »

malka wrote: post #9
outside1234 wrote: post #2

The right question to ask is "was it ever real?" I suspect we'll discover it was all wash trades and money laundering in short order.

This comment could be talking about all art.

I will make a bold prediction and say we won't find out all art is money laundering and wash sales soon.

Re: Jack Dorsey’s $2.9M NFT dropped 99% in value

#19

Post by ryanbrunner »

I genuinely don't know since most of my knowledge of NFT stuff comes from people commenting it vs. primary sources, but are there very active markets for NFTs in general beyond initial offerings? Like is there an active, healthy and functioning market for BAYC, or was it more about an initial rush and now a bunch of people have tokens that have value on paper but no market to realistically sell them?
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