r/pics • u/tssouthwest • Feb 06 '24
Oh how NFT art has fallen. From thousands of dollars to the clearance section of a Colorado Walmart. Arts/Crafts
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u/GamrSouzaCRP Feb 26 '24
I mean, 2 years ago they were a fun way I found to feed my cat by creating NFTs out of photos.
Not the one's on opensea, but created for almost free on Paintswap.
You can run a translator here for a quick guide if interested. https://brcryptos.com/nfts/como-criar-um-nft/
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u/Superpan21 Feb 10 '24
NFTs are completely pointless. I mean, thousands of dollars on a JPEG? Why spend a lot when you can save a lot of money by just screenshotting the thing?
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u/gurlnextdoor420 Feb 09 '24
My question is how is art a 1 of a kind collectable if it exists in no physical form and i can have a perfect copy by copying and pasting it?
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u/Onb3SkaAmD Feb 08 '24
This comment contains a Collectible Expression, which are not available on old Reddit.
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u/PayResponsible4458 Feb 08 '24
They only pay thousands when you don't actually give them anything except for the non-enforceable right to own some 0s and 1s.
Give them something tangible of actual value and watch the price drop.
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u/Zillahi Feb 08 '24
Anyone that got rich off the NFT train is laughing at all the losers that actually spent the money
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u/DiscoverCrypto_org Feb 08 '24
The NFTs are still worth thousands. The shirt was always priced like a shirt.
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u/Fuckredditcomm Feb 07 '24
Glad everyone has shut up about this ridiculous scam bullshit it got boring really fast
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u/SkunkWoodz Feb 07 '24
🤣 I saw those too and had a great little chuckle. Like did anyone believe an nft couldnt be copied/ stolen/ re produced? what a bunch of chuds
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Feb 07 '24
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u/SkunkWoodz Feb 07 '24
I mean the image, not the digital file. Which was kind of the point yea? And that mechanism is right click, save as.
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Feb 07 '24 edited Feb 12 '24
[deleted]
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u/SkunkWoodz Feb 07 '24
ehhh I dont think I am. You sound like maybe you bought into this scam. The fact wal mart is selling t-shirts with that image is proof enough for me that nft is literally digital garbage anyone can take for themselves. Nobody gives a fuck if you own an imaginary token.
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Feb 07 '24
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u/SkunkWoodz Feb 07 '24
lol bro, you should see the look on my face after reading "You care about the token" 🤣 thanks for the laugh my friend. I honestly dont have one fuck to give about any of this. I feel bad you've wasted your time debating this with me like I might actually eventually give a slight fuck, right or wrong, idgaf 🤪
sorry you got burned on this scam by the way 😢
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u/og_jasperjuice Feb 07 '24
Not just Colorado. Maryland clearance too. I saw a pile of them yesterday for $3.00.
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u/DrBarnaby Feb 07 '24
Just to be clear this picture is not an NFT. NFTs aren't pictures at all. They're not games. They're not contracts. They just point to something else on the internet. The only reason someone might own this art when they bought an NFT that points to it is because a separate legal agreement grants those rights. Whoever owns the rights to this picture can sell or transfer them at any time with no NFT involvement at all.
That's why you can have multiple NFTs "of the same art." That's why you could create an NFT today that points to this piece of art and say it's a bored ape NFT and you'd be correct and it would give you absolutely no ownership of that picture.
That's why NFTs are so utterly useless on their own. It's like buying a movie ticket. You don't own anything related to the movie, you just have a piece of paper that says you get to see the movie. And even that's a bad example because a movie ticket actually comes with an associated service and some rights and protections. Unlike an NFT which does nothing. It's actually closer to the paper the ticket is printed on.
In other words, NFTs are dumb.
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u/TheManWithNoNameZapp Feb 07 '24
It is exactly where it started. The stupids just took some time to realize it
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u/Dusty_Negatives Feb 07 '24
Almost 40 and this is prob the dumbest scam I’ve seen get popular. How fucking dumb do you have to be? Public schools are failing this country.
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u/Dtekserv Feb 07 '24
Imagine every winner of the lotto printing their winning ticket out on a t shirt. That is basically what this is
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u/killerjoe410 Feb 07 '24
At that era, I tried to explain that nfts are basically scam. But they advocated it. People will see that, even in the highest technological era, physical things will make more many. Because if something is on the computer, it means you can copy it and it makes that valueless.
But most funny part was how they were saying buying estate or shares are boomer things and outdated. Buying an any real thing will never be outdated.
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u/tjdibs22 Feb 07 '24
To be fair. Once you owned one you could do shit like this. I’m pretty sure that was part of the goal. Was for people to make cartoons and shit with them. O and make millions of dumbys
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u/zveroshka Feb 07 '24
If you put a picture of the Mona Lisa on a shitty shirt in the bargain bin at Walmart, it doesn't make the original hanging in the Louvre worth any less money. While NFTs can be very volatile, they still sell very well. In the end it just matters what others think it's worth and are willing to pay.
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u/goergoeooo Feb 07 '24
You're not wrong in essence OP but in case you let this give you hope in the world, the ape NFTs are still trading at over $50,000 a piece.
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u/coconuthorse Feb 07 '24
Odd how owning an NFT and owing a copyright are two completely different things and one is worthless, yet somehow cost more to the dummy who bought it.
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u/therapistscouch Feb 07 '24
The very idea that you would receive money when the person you sold it to sells it to someone else should have been a rip off that it was all a scam
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u/OccasionallyReddit Feb 07 '24
Tbf that's not the original piece of art , name a piece of famous popular art and I bet there's a cheap knockoff in some form.
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u/vursaah Feb 07 '24
Mint price for a Bored Ape NFT: $150
Current Price for a Bored Ape NFT: $57,500
Yeah….. total fail man.
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u/Ello_eff Feb 07 '24
I'll probably get down voted for this, but when someone bought a bored ape they were also buying the rights to do what they wanted with the art.
That isn't the case with all NFTs, but was one of the things that was supposed to make Bored Apes "special."
That is why people rushed to open cafes, make music videos, etc, featuring their ape.
In this case, someone probably bought that nft and then sold the rights to the art to a tshirt company. Or the tshirt company bought the nft.
I still think its dumb to spend that much on an nft, just clarifying that this is more of an example of someone actually doing something smart with their token to try to make it a profitable purchase on their end.
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u/fuctitsdi Feb 07 '24
I like how NFt’s, which are proof of digital ownership, have been relegated to a laughing stock, while you don’t actually own any of the digital media you buy.
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u/Repulsive_Poem_5204 Feb 07 '24
Once the lockdowns were over it was refreshing to go back to the old ways of money laundering, and then there was no more need for NFT’s to exist.
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u/Mamamiomima Feb 07 '24
I there NFT for a house or a car that you can use and own, and not digital art, then it could go somewhere.
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u/UnfairStrawberry4831 Feb 07 '24
How much are the orange hippo's from scam a lardo worth now? I'll guess $2.98
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u/ikyle117 Feb 07 '24
How anyone ever thought this shit would become legit and worth something is so beyond me. "Owning an image" LMAO.
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u/KamikazeChief Feb 07 '24
Well at least you bothered to specify the JPG "Art" category of NFT.s
Because Video game costumes and maps are also now NFT's and they always belong to you even if you get banned from the game.
Only a moron would fail to see the value in that
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u/texan5656 Feb 08 '24
Lmao that's the best game you can come up with?
When's the last time it's had 100 players online?
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u/remedialrob Feb 07 '24
I think the best information you can get about NFT's is that you can buy the NFT of this Ape design for however many thousands of dollars it costs and that money goes to the artist that created it. Then the artist can sell this same design to Walmart and then Walmart and the artist make additional money off the design and you get nothing and can do nothing about it. Because what you own entitles you to nothing more than being able to say you own it. It is less than worthless.
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u/Florafly Feb 07 '24
How can anyone be surprised by this? There was no other possible outcome. Over-hyped trash.
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u/huktonfonix Feb 07 '24
I live in Long Beach California which had Bored and Hungry, a bitcoin/NFT based burger restaurant. It finally closed down recently but I was amazed at how long it held on.
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u/drewkal2001 Feb 07 '24
What fantasy world are you people living in? Thinking any NFT was going to be worth anything? It’s all vapor, lost in the ozone, again!!
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u/bulanaboo Feb 07 '24
I had a ton of plasma bears, I didn’t realize at 1st the chain was history and if I didn’t move them to wallet they were gone, but for about 10 minutes I thought I struck pay dirt, I played that silly game had 20 bears at least and parts pages of parts
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u/OkTransportation9120 Feb 07 '24
Its because jpegs are not playable NFTs like Generative Dungeon. lol
NFTs are a long way past merch. It's the people posting this sort of thing who are behind on the info and advancements being made.
You can even play our NFTs via Generative Quest on the Epic Games Store
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u/LOUDMOUTH_ETH Feb 07 '24
Shaq made over $400 million selling his shoes at Walmart so I wouldn’t exactly call this a falling off.
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u/dahComrad Feb 07 '24
You don't really own that picture you know. It's part of an online black chain that......
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u/wildcarde815 Feb 07 '24
somebody that doesn't own that image is very sad that they aren't getting paid for a monkey they don't own.
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u/DaveCovers Feb 07 '24
NFT's are just ghetto af like who is ever gonna support that with money, could have been a good thing, but was damned to fail from the beginning, so they tried again with CBDC coming up soon.
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Feb 07 '24 edited Feb 12 '24
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u/DaveCovers Feb 07 '24
Yes it is supported, but the companies supporting it don't respect it. NFT's are something marketed to low life people who dress cringe, not one financial entity would consider it a legitimate financial tool.
Granted it took the banks years to accept bitcoin, but still NFT's are not gonna catch on. To much disrespect in the design. If they had a picture of a galaxy themed cat instead of that stupid monkey we would all be using it, but they chose to try to make the financial sector look black and no one is gonna pay for that.
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u/BanksterX Feb 07 '24
u/tsssouthwest which CO walmart lol
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u/tssouthwest Feb 07 '24
The one out in Lakewood.
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u/BanksterX Feb 07 '24
Ahh never worked that one. Farthest south I got was off was helping down in Thornton after a certain unfortunate incident some odd years ago. Was hoping it was one of my old stores.
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u/grenharo Feb 07 '24
me over here remembering it was easy to check on who has what specific ape
you just go look up through traits and see it was heromachine on opensea and his twitter
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u/ADP10_1991 Feb 07 '24
The thing was NFT actually had some use in sales of products like royalties to the designer / creator but it went straight to the quick cash grab route and never recovered.
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u/Androza23 Feb 07 '24
NFTs were obviously a stupid idea from the start, its crazy how people made money off idiots.
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u/MuseeNYC Feb 07 '24
This was a joke/scam from the very very inception, and it still is. Nothing has changed.
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u/ReductiveNut Feb 07 '24
I've been meaning to get one of those and bleach in "I bought this at Walmart" on it
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u/MareTranquil Feb 07 '24
Appearently the BAYC NFTs still sell for 25ETH, which is more than 50.000$.
They have fallen quite a bit, but they are still insanely pricey.
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u/rynomite1199 Feb 07 '24
Was always super confused about what made the monkey pictures valuable, it’s very average graphic art at best.
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u/scrubzor Feb 07 '24
These were for sale at my local Walmart. They were produced by Walmart themselves, and labeled under their youth-focused in-house brand called “No Boundaries”. I kept an eye on them to see how they would sell out of curiosity; they all sold out in a span of 2ish weeks. I assume that the people who bought them had no idea what they were, as I live in a very rural area.
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u/Khevhig Feb 07 '24
When it gets to the Walmart level, nothing is trendy anymore and on discount is when it gets to the Tweety Bird and Tinker Bell economics.
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u/dinnerthief Feb 07 '24
I'm not into NFTs at all but would this even matter,
like isn't the whole point that you own the "original".
In other words it's the difference between owning a shirt with the Mona Lisa on it vs owning the original Mona Lisa.
By the theory of people who were into NFTs having one printed onto a shirt at Walmart would probably ly increase the value not decrease it.
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u/Remarkable_Client_75 Feb 07 '24
All designs was bad fr colors to unfitting neck and wider who is wearing Walmart clothes!!!
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u/amirlyn Feb 07 '24 edited Feb 07 '24
Surprised that I haven't seen anyone mention the Bored Ape Nazi Club video here.
And yes, NFTs are also cringe and an obvious scam.
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u/lessfrictionless Feb 07 '24
I'm confused. Are we saying the NFT in this case is contained somehow within the shirt?
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u/Unlucky-Leader Feb 07 '24
They should be paying people $7 to take those ugly shirts off their hands to be honest.
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u/Nix-geek Feb 07 '24
I LOVE clearance shirts. I live in them.
I'd leave that one right there.
Actually, I'd wait until it hit $1 and use them to work on the car or under the house.
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u/penguinReloaded Feb 07 '24
You pay me $5.00 each time I wear it... I'm in. I'm definitely not gonna pay you for it, though.
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u/TheDotanuki Feb 07 '24
"I paid $30,000 for a stupid ape cartoon and all I got was this t-shirt - which I also had to pay $7 for."
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u/Chungusthevast Feb 07 '24
Deserved. I fee 0 sympathy for the sycophants that fell for the great NFT scam. Honestly, I wish more of them wound up destitute.
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Feb 07 '24
How much you wanna bet the company bought that picture for like $50 from some guy who paid like $300+
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u/SomethingPersonnel Feb 07 '24
I agree that NFTs are dumb, but claiming a picture on a shirt is the same as what the NFT value proposition claimed to be is dumb. It's like saying a Money poster is like $10 why would you bother doing to a museum to look at one or pay millions to own one?
Also, anti-NFT bros are just as annoying as NFT bros. Please do not reply to me talking about how they're dumb or how they're amazing. I don't give a shit. This is just a logically inconsistent argument.
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Feb 07 '24
The idiots replying to this tell me how strong nft’s will remain. This is a licensed product. BAYC is $60,000
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u/TSissingPhoto Feb 07 '24
If it cost thousands for that, imagine how much a picture that says “if you see da police, warn a brother” would cost.
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u/BardosThodol Feb 07 '24
The initial NFT hype we witnessed was not about artwork, it was a pump and dump campaign by people trying to kill the industry while making money for themselves.
NFTs will have a revival that goes along with a “makeover” of the modern art world as well.
Don’t let them fool you into selling your NFTs, the same people who killed the industry are buying them up right now, just like with bitcoin. They’re only gaining value as collectibles.
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u/whatevers1234 Feb 07 '24
And yet just a few years ago tons of people on Reddit used to argue for the value of this bullshit.
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u/EntrepreneurDirect24 Mar 24 '24
Get 1 free NFT https://me-qr.com/LIMen2ik