I am sure 90% of all NFT and metaverse sales are people selling shit to themselves. 9% are morons who think they can resell a butt-ugly jpeg for more and MAYBE 1% really believes in a virtual ecosystem.

It is extremely easy to inflate a price of any NFT. Create two wallets, sell with one, buy with another. You just set a price for your own NFT!This alone is proof enough for me to doubt all sales on every NFT marketplace and you should too. I would stay away from all NFTs and especially the "established" and expensive ones. The prices are inflated by a couple of wealthy crypto-bros who are not wealthy enough to manipulate mid-cap coins anymore. They realized that it is incredibly easy to make idiotic Jpegs, sell them to themselves and the community will do the legwork and write articles about "Bored Ugly Gorilla Club for 6.000.000!!" and so on. This will lead to suckers buying this shit for "cheap" (bro, it's only 10 ETH, bro!).Is there a place for a virtual market? Undoubtedly yes, but you will not sell you ugly-ass cartoon for millions in a couple years.

Submitted February 20, 2022 at 01:26AM