In the world of cryptocurrency, NFTs have become a hot topic among investors and collectors. However, a recent post on the popular subreddit r/CryptoCurrency has sparked controversy regarding the value of NFT collections. The post, made by user DeeperBags, claims to have created an NFT collection in just 45 minutes to prove that NFTs are “stupid.”
DeeperBags built the NFT collection, which he called “Moon Dude,” using a combination of drawing, coding, and generating inputs. The collection features various moon works, but the author claims that no one will ever get the moon in this collection because the NFT is “too stupid.” He also pointed out that the method he used to create the collection could be used to generate up to 99,000,000 NFTs in just four weeks.
While the post was intended to prove that NFTs may not be as valuable as some believe, it has sparked a heated debate among Redditors. Some have praised DeeperBags for his creative approach to proving his point, while others have argued that NFTs are not just simple images, but a type of token with real value. “If you think the image is the NFT then you’re an idiot”, a Redditor said.
The controversy surrounding NFTs has been ongoing, with many investors and collectors spending large sums of money to acquire these digital assets. Some have even compared the NFT craze to the Tulip Mania of the 17th century, where the value of tulip bulbs skyrocketed before ultimately crashing.
Despite the controversy, NFTs continue to be a popular investment option for many, with some collections selling for millions of dollars. While DeeperBags’ Moon Dude collection may not have any real value, it has certainly sparked an interesting debate about the true worth of NFTs in the digital age.
Read more:
- CryptoPunks Surpass Bored Ape Yacht Club (BAYC) In Market Value As NFT Market Sees Volatility
- Tokyu Railways Offers Limited NFTs On Astar Network: Over 6000 Distributed In Record Time
- K-Pop Star G-Dragon To Release “Archive Of PEACEMINUSONE” Collection Of NFTs On OpenSea