i feel like everyday at this point (at least from the time i've noticed which started with the GME craze) there's some get rich quick scheme happening and i keep missing out. i'm still happy in life but there's a not so small part of me that is very FOMO-ey and disappointed/jealous with the concept of doing almost nothing and making a lot of money on what essentially just boils down to hype.

the other part of me is a bit intrigued/excited because there seems to be some amount of wealth transfer happening here. whether it is from richer to rich or rich to poor or poor to poorer is the primary question for me and what will define this movement to be dangerous (i.e poor to rich) or the start of something new and great

>there's some get rich quick scheme happening and i keep missing out

I had similar feelings. An acquiantance told me he didn't mind missing out on Bitcoin: he has all he needs, and he's happy to earn his money by solving people's problems. Actually, so do I! Perhaps there isn't much to be jealous of...

> there seems to be some amount of wealth transfer happening here

Yes, from poor artists to the people operating the NFT marketplaces? I'm generally for people losing money on their dumb decisions, as it's the best way to learn, but I can't help feeling sorry for them.

My favorite case in pointus the genius who made the I Am Rich app and sold it for 1000 per install. https://en.m.wikipedia.org/wiki/I_Am_Rich

I guess you are talking about CyberAlienz [0]

He advertised his NFT experiment on a forum [1] (a French equivalent of 4chan) and it went viral there. Some people bought it as a joke (knowing it was worthless). Nothing prove he didn't buy the tokens himself to hype it.

[0] https://opensea.io/collection/cyberalienz [1] https://www.jeuxvideo.com/forums/0-3011927-0-1-0-1-0-finance...

This is like feeling bad that your friend had a lucky streak at the blackjack table.

Is your friend making that money on a regular basis? Or just once during a market mania?

Just in the last week, he started 2-3 weeks back I believe. I doubt the mania is going to last but this is a very low risk high reward market for artists.

As per the article, not necessarily "low risk" for artists - they pay real money to mint the NFTs.

I know a professional artist and this isn't unusual. He'll make 15k in 6 days, then 2k over the next 6 months. It's incredibly inconsistent.