Cryptocurrencies and NFTs are an absolute disaster.

This blog post is for me to collect resources when I stumble upon examples of the problem of NFTs.

Very good blog post that sums up lots of unsolvable problems with NFT: https://everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3

This twitterpost by @isoyourguy is a short thread with a couple of examples.
“artists pay to list pieces, buyers pay to place or cancel bids, artists pay to accept bids. this is all paid in speculative funny money that you need to buy in advance.”

artists pay to list pieces, buyers pay to place or cancel bids, artists pay to accept bids. this is all paid in speculative funny money that you need to buy in advance.

sure seems like a system where people with money/audience can benefit from this at the expense of others. pic.twitter.com/H26u8ge8o7

— isyourguy (@isyourguy) March 1, 2021