So many starry-eyed “art” “investors” left holding the bag. A few people sitting happy on piles of money and/or crypto. Some because they sold NFTs, some because they ran the marketplace and took a cut. And probably a lot more artists who invested their own money in “minting” stuff nobody bought than there are artists who got paid up front by someone commissioning work to sell as incredibly expensive pointers to a jpeg.
It’s the last ones I feel the worst for, being an artist on the Internet is an increasingly shitty game and hearing about the payouts some lucky early movers got is pretty damn tempting.
I wouldn’t be surprised if the people left holding the bag and the people sitting on piles of profits try to promote them a lot again soon. The Ugly Ape JPEG people are moving on to the next scam, they just sold ~$320 million worth of deeds to plots in their supposedly-forthcoming “metaverse” “game” and drummed up so much enthusiasm for it that the sale broke the Etherium blockchain. How Bored Ape Yacht Club Broke Ethereum - CNET
