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Model Citizen
Join Date: May 2007
Location: The Voodoo Lounge
Posts: 19,374
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I guess the market has to catch up
So, this fella buys an NFT (non-fungible token) for 2.4 million USD.
The prize is the first tweet from the creator of Twitter. (I don't know how he owns it, this stuff is way beyond my lizard brain. I've seen the tweet. I could look at again any time I wanted to, but somehow this investor now owns it.)
FF a year or so, he puts it up for sale for 48 million. USD. Now, before you think he's just being greedy, understand that he plans to donate half of the profit to charity. If you're cynical your mind might go to dark places here, but let's give the guy the benefit of the doubt.
Well, the deadline for the sale comes and the highest bid is about 250. USD.
What do you think? Sad trombone, or do investors just need time to catch up to the NFT market?
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"I would be a tone-deaf heathen if I didn't call the engine astounding. If it had been invented solely to make noise, there would be shrines to it in Rome"
Last edited by herr_oberst; 04-16-2022 at 07:20 AM..
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