Once I found out what that StockX (N)NFT thing was and dismissed it from my mind, I kinda stopped paying attention…it was just so absurd I was kinda *happy* they got called out by Nike…after all, it seems that all they really did was create digital gift certificates for shoes (or something). Nothing about what they created were unique ‘one of ones’ (ie: non-fungibles), nor were they tied to anything specific…they were tied to an ‘idea’ and people bought into the hype, paying 5x+ for stupid digital gift certificates.
Anyway, @dmxgod sent me this the other day…an update to StockX’s terms of the (N)NFTs. They clarified the language in a way that makes it seem like they knew what they were profiting off was just crap. Cute.
Again, if you’re in the ‘NFTs are a Ponzi scheme’ or ‘NFTs are a scam’ or ‘NFTs are for money laundering’ camp(s) and this is the example you’re using, I totally understand. Just remember, these are not really NFTs…