Re:Grumpy Cat NFT sold for nearly $80K
by prepend on Wednesday March 17, 2021 @08:56AM
(#26490420)
> Who profits from this?
Remember back when GoldenPalace.com would do stuff like buy grilled cheeses shaped like Jesus and stuff for a million dollars? I thought that was so stupid, who cares? It’s just a cheap way to buy publicity and probably better than a million dollars in advertising.
I thought it was stupid, but people are busy and just getting a second of time for large numbers of people is possible to monetize.
So these stupid novelty things are likely guerrilla marketing at best, pump and dump fraud at worst. It’s like the olden days where you could start a social media storm with a few accounts and small amount of money.
Remember back when GoldenPalace.com would do stuff like buy grilled cheeses shaped like Jesus and stuff for a million dollars? I thought that was so stupid, who cares? It’s just a cheap way to buy publicity and probably better than a million dollars in advertising.
I thought it was stupid, but people are busy and just getting a second of time for large numbers of people is possible to monetize.
So these stupid novelty things are likely guerrilla marketing at best, pump and dump fraud at worst. It’s like the olden days where you could start a social media storm with a few accounts and small amount of money.