Someone paid $450K for three (extremely) pixelated cartoon characters

[ice18]

Thats a lot of money for just owning a garbage lol this useless NFTs/ordinals is just a waste of money, what can you do with this piece of shit on your wallet? of course seller and buyer is the same no doubt.     

[1714819168]

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[1714819168]

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[Helena Yu]

I guess it's not always a kind of money laundering because there are many people who want to earn a lot of money investing in stupid NFTs. I remember the times when people bought NFTs for millions and they can buy those for millions once again.

A money launderer would do something else rather then buying a $450k ordinal. The ordinals are a new craze for many people and they will continue for sometime. We may see ordinals lovers more likely than the NFT lovers because many people believe in Bitcoin and the ordinals are working on Bitcoin blockchain.

Ordinals isn't same to NFT, though @OP is confused too.

Few people might able to make money from Ordinals or NFT, but many of them are in lose.

Actually using Ordinals or NFT for money laundering is smart! if you use mixer or something like that, people who caught you already know if your purpose is for money laundering. But if you made transaction in Ordinals or NFT, people might think the sender and receiver are different owners, while there's a possibility the two address were controlled by the same person.

[Lorence.xD]

NFT was so hyped back then pre-pandemic 2019-2020 and so popular that even famous people are investing in it. Just imagining them already being successful and having a lot of money and still buying this kind of stuff would make you probably think that they are money laundering, but some people like me, have tried to invest in NFTs and make profits cause if you are lucky to be whitelisted, you can buy them at a cheaper price then sell it for a higher price. $450k is so huge that I would prefer to invest it into much better investments like Bitcoin, real estate, etc. if they might plan it just to launder their money then that might be good, but if you are a person who will try to make money, is still depends on the roadmap of the project in how you can benefit by holding their NFTs.

[gunhell16]

I am %99 sure this is money laundering. I mean that %1 is because I have absolutely no proof of that, but "innocent until found guilty" is when we are talking about a courtroom, not public opinion, and I can have my own opinion on the matter without needing proof. If they could provide proof who bought it and where they found the money and it turns out its some accountant who invested in apple early on and made some wealth and gave his teenage son some money to spend for college and that kid invested into this, yeah then I will believe it. But until someone offers me some proof, I will keep thinking that these are all money laundering and nothing else. That, or someone created this, and bought his own thing himself with different account, to get some media coverage about it to make others want to buy it too.

When I saw the NFT image, dude, I just laughed. To be honest, if that's how the NFT looks, then the price is too expensive. I also wouldn't think twice about the fact that NFT is just being used as a front for money laundering.

Although I don't have enough evidence that this accusation of mine is true, it's just that any person will think that the nft looks so ugly that they will wonder why that picture is so expensive that no one can touch it. It seems that the person with bad intentions is just passing by, and we don't know what it is or where the money that was bought came from.

[kryptqnick]

I don't get how it can cost that much either, but I'd say it's better when the wealthy use their money on something relatively harmless instead of being fond of hunting animals, buying stuff made out of elephant bones, or something else in that fashion. The only downside is, of course, Bitcoin transaction fees spiking because of Ordinals, but I hope it's a temporary thing that will naturally die out.
When people buy stuff like that, maybe they do it because they can, or maybe they think they can sell it for an even higher price. Whatever it is, it's not the worst thing to spend money on, even if it's definitely not the best either.
Maybe it's a scam, though, as others suggested in the thread. In that case, it is harmful. But there's no evidence of that, right? It's just something that seems to make sense, but there's no proof.

[famososMuertos]

...and what's new?  I don't see anything interesting about this except the issue of where they are doing it.  Which is the real problem, NFTs have been selling for thousands of dollars for years and not everything has to be related to money laundering, it is a thriving market.

There are famous people involved, not exactly this case, but I remember that Paris Hilton paid $450,000 a couple of years ago.

Anyway, it is not very distant to give value to an Alts that capitalizes Billions, whether it is a bubble or not, the solution is simple, don't get involved.

[pawanjain]

Why in gods name would anyone pay anything for this stupid crap?
Must be some kind of money laundering scheme.


'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K

Dec 14, 2023

In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates...continued below

https://www.coindesk.com/tech/2023/12/14/bitcoin-nft-hysteria-comes-to-sothebys-as-super-mario-style-mushroom-character-tops-200k/

Even I don't like the concept of people buying random NFT images for such huge prices. It doesn't really make any sense.
I like the NFT technology but when people pay millions for pixelated images I get crazy.
It's just the hype or a way of money laundering.

[coolcoinz]

Thats a lot of money for just owning a garbage lol this useless NFTs/ordinals is just a waste of money, what can you do with this piece of shit on your wallet? of course seller and buyer is the same no doubt.     

I collect bitcoin and for many other people this would be a waste of money.

So let them waste their money, I don't care. How's that different from someone paying a lot of money for a physical coin just because it has a rare flaw? I was surprised when I found out there's a large market for things that were made with flaws, like bank notes, coins, stamps, even money printing matrices and people are paying big if you find that special one in a million item.

What about collections? People pay a lot of money for things like post cards, legos, dolls, autographs... Sure these are physical items, but I wouldn't pay 100x the price of an item just because it was signed by someone.

[The Cryptovator]

I never got involved with NFT stupidity. I don't see why I should pay for something that is only art or an image on the internet. Why do I have to win it anyway? I'm not sure if it's money laundering or just a stupid act. NFT is nothing for me, though I buy alt coins sometimes but never NFT. From the beginning, I hated NFT and didn't bother myself with any NFT printing or buying. You guys may love or like it, but I don't see the reason.

[serjent05]

I never got involved with NFT stupidity. I don't see why I should pay for something that is only art or an image on the internet. Why do I have to win it anyway? I'm not sure if it's money laundering or just a stupid act. NFT is nothing for me, though I buy alt coins sometimes but never NFT. From the beginning, I hated NFT and didn't bother myself with any NFT printing or buying. You guys may love or like it, but I don't see the reason.

The reason is clear that most people got involved in NFT for profit.  Because of the promised earnings many people get involved in NFT through play-to-earn games.  Others get involved in NFT for flipping intention and have profit.

Now, those who bought NFT for a huge amount are probably for publication or marketing exposure.  I do not think they buy them for bragging rights.  I simply don't think that people get involved in NFT because of curiosity and huge price sales might be executed as part of the scheme of the person involved in the trading to bait and catch unsuspecting and naive investors to buy their upcoming/existing NFT series.