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0 pointsmonero-xmr3y ago0 comments

NFTs are still happening, but the insane multi-million dollar monkey jpegs are not really happening anymore. At GDC this year web3 had a big presence, most firms are investigating or starting it in some way.

Like all tech there is hype then trough of disillusionment. NFTs are in the trough and AI chat tools will get there soon, just like self driving cars are in it right now.

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LawTalkingGuy3y ago· 2 in thread

> NFTs are still happening, but the insane multi-million dollar monkey jpegs are not really happening anymore

I think all the high valuations are money laundering. You create a pre-order system and get your friends on it, then buy their monkey pics for your near-stolen (FTX, etc) crypto and they give some back under the table.

> web3 had a big presence

The NFT tech is pretty cool. It lets (by packaging a friendly UI around it) people be their own identity providers.

kaycey20223y ago

I am hopeful that NFTs along with zero knowledge proofs will enable completely open markets with no intermediary for the transfer of digital goods and maybe even services. That is very cool and more important than just monkey jpegs.

aeternum3y ago

>I think all the high valuations are money laundering

Yes, but the same can be said of most of the art world, and that has survived for Millenia.

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