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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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[–] porksoda@lemmy.world 7 points 10 months ago (2 children)

Same. I'm getting to the age where I say "I don't get it" when it comes to a lot of popular things these days. I said it loudly about NFTs, glad to see I didn't misunderstand it.

[–] Fisk400@feddit.nu 6 points 10 months ago

Someone mentioned in a video about crypto that the boom in nfts coincided with new tax rules for art that made it harder for millionaires to store/hide their money in it and avoid tax.

That's when it all clicked for me.

[–] beebarfbadger@lemmy.world 2 points 10 months ago

What's not to get? You convince the more gullible to put money into it, when enough people have fallen for it, you grab and run. Really nothing new.