If NFTs were dead, then who just spent 35 million dollars on pixelated little people?
Pretend death of NFT
Remember how everyone claimed that NFTs were dead? That JPEGs for millions were a joke, and now we live in a world of common sense and economic logic? Well, bad news for those skeptics: NFTs are back in business.
According to CryptoSlam, in the last week, NFTs worth nearly 160 million dollars were traded on Ethereum. That's more than the GDP of some countries where people are still unsure what the internet is.
And now — the star of the evening. CryptoPunks. Those very eight-bit misanthropes that look like a mix of Tetris and budget theft. They traded for 35 million dollars in a week. In 172 deals.
That's almost $204 thousand for one pixelated vagabond. What are they doing? Brewing coffee? Flying in space? No. They just exist. And someone pays for it like for a used Tesla.
Pengu Penguins: Who said memes don't make money?
In second place are Pengu Penguins, cute cartoon penguins that look like the logo of a children's toothpaste. And they brought in 8.36 million dollars. Obviously, they are not just for kids. Or maybe, just for kids. Very rich kids.
BAYC: The elite of the monkeys
Ah yes, our old friends from Bored Ape Yacht Club. Still with us, still wearing gold chains and smoking cigars in the metaverse. Almost 6 million dollars.
They may be boring monkeys, but being bored with that kind of money is a lifestyle. And you are not part of the club.
Moonbirds: Many deals, little money
And now a bit about the common folk, Moonbirds. Over 680 transactions, but only 4.7 million.
It's like an army of retail investors who still believe that 'we are early.' And maybe they are right. Or maybe they just bought a pig in a poke.
NFTs are not dead. They just sank to the bottom and waited for you to get distracted.
And now, in the midst of economic uncertainty, political circus, and inflation, the elite are once again buying JPEG phantoms for outrageous millions.
This is not investing. This is a spectacle. And as always, the ticket is expensive.
They want you to believe that all of this is silly. That NFTs are just trendy nonsense. But if that's the case... why are they spending millions again? Maybe you're just not in the right club?
And as always, ask yourself: who is really winning? Who laughs last? And why do they have a pixelated avatar worth 200 grand?
