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Re:NFTs Are a Dangerous Trap by Taek on Sunday March 07, 2021 @02:06PM (#26378701)
There's no social validation in throwing $2.5 million into a furnace. Spending $2.5 million on a tweet means you are validating everyone who believes that NFT's are real and an industry with a promising future. Especially in an environment where these objects are so hyped and driving a lot of venture capital investment, participating has large social benefits.

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