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X removes support for NFT profile pictures (techcrunch.com)

submitted 10 months ago by neme@lemm.ee to c/technology@lemmy.world

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[–] Nobody@lemmy.world 13 points 10 months ago (2 children)

While the value of some of the high-priced tokens such as the Bored Ape Yacht Club (BAYC) has plummeted from its peak, the NFT market has shown a sign of recovery in the last few months with trade volumes exceeding $1.6 billion according to NFT aggregator CryptoSlam.

Who is still falling for this scam? Even Xitter is Xitting on NFTs at this point, and morons are still buying them.

[–] ugjka@lemmy.world 7 points 10 months ago

Err, isn't it just mostly criminals doing various criminal schemes using NFTs as a tool?

[–] pup_atlas@pawb.social 2 points 10 months ago

It was never a scam, it was always a successful money laundering operation for the rich while covid had all the real galleries closed. It did exactly what it said on the tin. It’s just unfortunate that some people thought it was a real economy to begin with. Either way, good riddance.