Friday, February 18, 2022

Pfft

Melania Trump’s NFTs (non-fungible tokens) of photographs from a defeated former president’s mad reign seem to be not exactly NFTs. The lady with the hat is selling 10,000 NFTs of photographs at $50 a pop. But wait: those 10,000 photographs aren’t 10,000 unique photographs (taken by taxpayer-paid White House photographers?). They’re copies of ten photographs, 250 to 1500 copies of each.

Forbes says that NFTs are “generally one of a kind, or at least one of a very limited run.” I think I know enough to know that 1000 copies is a rather large number for an NFT. The number of suckers in the world is larger still.

And multiple purchases are possible for anyone who wants to own the set of ten. A thought: would it be beyond this grifting helpmeet’s helpers to purchase all 250 copies of the “rarest” of these faux-NFTs to resell (greyly, greyly) at higher prices? 250 × $50 = $12,500. A mere bag of shells. Think of the possible return on investment.

She’s already bought back her hat.

[Pfft : “used to signify sarcasm or disagreement.”]

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