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The Simpsons Halloween Special Roasts NFTs and Their ‘FOMO’ Driven Value


by CoinEdition
  • A recently released ‘The Simpsons’ episode referenced NFTs and their overhype.
  • The episode pointed out that 99% of NFTs created have no current value.
  • NFT value will significantly decrease once the “FOMO” subsides, according to the episode.

The American animated sitcom The Simpsons recently released a Halloween special episode that made several references to Non-Fungible-Tokens (NFTs) and their overhype. 

The episode, which was released on November 5, claimed that NFTs run on a “fomo-meter”, a fear of missing out, and mentioned that 99% of the NFTs ever created currently have no value. In the episode, one of the characters is battling through the blockchain to rescue her son, who has turned into a living NFT. 

“Remember how we were always saying we wished Bart was less fungible?” After putting his son on the blockchain, Homer, Bart’s father, asks his wife, Marge. Homer stated that NFTs don’t have a purpose. When Marge said that her son is now a mobile application, Homer said, “No, apps actually do stuff; he’s an NFT.”

The NFT mar…

The post The Simpsons Halloween Special Roasts NFTs and Their ‘FOMO’ Driven Value appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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The Simpsons Halloween Special Roasts NFTs and Their ‘FOMO’ Driven Value


by CoinEdition
  • A recently released ‘The Simpsons’ episode referenced NFTs and their overhype.
  • The episode pointed out that 99% of NFTs created have no current value.
  • NFT value will significantly decrease once the “FOMO” subsides, according to the episode.

The American animated sitcom The Simpsons recently released a Halloween special episode that made several references to Non-Fungible-Tokens (NFTs) and their overhype. 

The episode, which was released on November 5, claimed that NFTs run on a “fomo-meter”, a fear of missing out, and mentioned that 99% of the NFTs ever created currently have no value. In the episode, one of the characters is battling through the blockchain to rescue her son, who has turned into a living NFT. 

“Remember how we were always saying we wished Bart was less fungible?” After putting his son on the blockchain, Homer, Bart’s father, asks his wife, Marge. Homer stated that NFTs don’t have a purpose. When Marge said that her son is now a mobile application, Homer said, “No, apps actually do stuff; he’s an NFT.”

The NFT mar…

The post The Simpsons Halloween Special Roasts NFTs and Their ‘FOMO’ Driven Value appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Bitcoin has been celebrated as digital gold and a secure store of value with limited ...
Виталик Бутерин: Децентрализованные финансы лучше мемкоинов и NFT

Виталик Бутерин: Децентрализованные финансы лучше мемкоинов и NFT

По мнению Бутерина, прочным фундаментом блокчейна могут стать именно низкорисковые пр...