this post was submitted on 29 Mar 2024
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chapotraphouse

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submitted 1 year ago* (last edited 1 year ago) by Posadas@hexbear.net to c/chapotraphouse@hexbear.net
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https://twitter.com/vydamo_/status/1773491625957924883

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[–] Galli@hexbear.net 16 points 1 year ago (2 children)

The "value" of the NFTs was tied to the value of the coins (almost always etherium) on the chain on which they were minted. The hammer came down on FTX which was the primary company propping up the bezzle bringing down the hanger-on scams with it.

[–] Bartsbigbugbag@lemmy.ml 9 points 1 year ago

Eth is actually not far off from its all time high value im pretty sure. FTX was just one of many hype bros scamming.

[–] hauntologist@hexbear.net 7 points 1 year ago

So they really are all worthless now? che-smile After all that? If so...

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