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mahatmakanejeeves

(57,675 posts)
Wed May 19, 2021, 02:13 PM May 2021

Zoe Roth, the face behind the viral "Disaster Girl" meme, sold the meme as an NFT for $430,000.

Zoe Roth, the face behind the viral “Disaster Girl” meme, sold the meme as an NFT for $430,000.

In this case, the image can be likened to a "trading card" or a unique work of art.


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Zoe Roth, the face behind the viral "Disaster Girl" meme, sold the meme as an NFT for $430,000. (Original Post) mahatmakanejeeves May 2021 OP
fools and their money...... n/t getagrip_already May 2021 #1
At least this one goes to a good cause. Nt cinematicdiversions May 2021 #2
This world has gone full stupid Calculating May 2021 #3
Not Getting It! ProfessorGAC May 2021 #4
Very simply, there is too much money around... TreasonousBastard May 2021 #5
Agreed, But... ProfessorGAC May 2021 #7
True, but ownership is not necessarily desired because of monetization-- sometimes... TreasonousBastard May 2021 #9
True ProfessorGAC May 2021 #10
To an oil sheik, is "only" 450 million about the same as 300 to you or me? TreasonousBastard May 2021 #11
He Can't "Use" The Painting ProfessorGAC May 2021 #14
Not that I really understand it, either... al bupp May 2021 #6
I Suppose, But... ProfessorGAC May 2021 #8
Yes, but lawyers al bupp May 2021 #13
Bragging Rights ProfessorGAC May 2021 #15
Why is there a $ if it's bitcoin? lame54 May 2021 #12

Calculating

(2,957 posts)
3. This world has gone full stupid
Wed May 19, 2021, 02:42 PM
May 2021

That, and we need to be taxing the rich much more. Obviously they have too much money if the can blow it like this.

ProfessorGAC

(65,279 posts)
4. Not Getting It!
Wed May 19, 2021, 03:12 PM
May 2021

If it's an internet meme, don't millions of people already have the exact same thing?
I don't understand the concept of collecting them.
There's no scarcity, and tons of people who wanted to use it already have.
You can't collect retroactively.
So, where is the value, except to the creator? This one time?
Is there a monetizing aspect, ongoing, that I haven't heard about?

TreasonousBastard

(43,049 posts)
5. Very simply, there is too much money around...
Wed May 19, 2021, 04:04 PM
May 2021

This sold last year for US $450 MILLION!

Of course, it went to an oil sheik-- bin Salman to be precise, and while bought for the Arabian version of the Louvre, was last seen on his yacht.



Now, everyone agrees Leonardo was among the best of the best, and it's unlikely any more of his will show up, but this is still a little extreme.

Sky high property values, Pokemon cards... you name it and all this money from poor rich people is pushing prices higher. And it also pushes prices of things we actually need, not just fine art or trading cards.

In a perfect world, the wealthy would be investing in worthwhile ventures and inventions. This is far from a perfect world.

ProfessorGAC

(65,279 posts)
7. Agreed, But...
Wed May 19, 2021, 04:13 PM
May 2021

...at least fine art has the values of scarcity & uniqueness.
A meme is a photo, to which millions have free access, with any copy indistinguishable from the original.
This is a far worse waste of $ than fine art, even with exorbitant prices you listed.

TreasonousBastard

(43,049 posts)
9. True, but ownership is not necessarily desired because of monetization-- sometimes...
Wed May 19, 2021, 04:16 PM
May 2021

it's just ownership that makes people happy.

Go figure.

ProfessorGAC

(65,279 posts)
10. True
Wed May 19, 2021, 04:19 PM
May 2021

I bought a mandolin just because I wanted one. (Also, it fit the small space on the wall between the door & the piano. :rofl
So, I'm a bit guilty.
But, I can actually play it & it was only $300.

ProfessorGAC

(65,279 posts)
14. He Can't "Use" The Painting
Wed May 19, 2021, 04:40 PM
May 2021

That is a case of bragging rights.
At least my $300 can be used in a different art form.
But, I'm still guilty of getting one because I wanted it, not because I needed it.
And, I think I misremembered the price.
I just looked online and used instruments of the model I bought are going for $650.
I must have spent more than I thought.

al bupp

(2,194 posts)
6. Not that I really understand it, either...
Wed May 19, 2021, 04:12 PM
May 2021

But I gather it has to do w/ gaining "proveable" ownership of a digital asset. In theory, one could use this to press (wealthy) users of the asset for license fees, etc.

ProfessorGAC

(65,279 posts)
8. I Suppose, But...
Wed May 19, 2021, 04:15 PM
May 2021

...hasn't the ship already sailed?
It's already all over the internet.
Which would seem to be true of most any meme.

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