Are you claiming that this NFT, which everybody knows passed the hands of Shaq, will be worthless in the future?
Bored Ape is kind of like the art of Andy Warhol. Yes, the creators of bored ape made a lot of money, but so did Andy Warhol. Is there anything wrong with that?
If you want to call that all a scam, that's fine. But somehow calling Bored Ape a scam and Warhol art not, is weird. Warhol also had plenty of critics.
If you don't like NFT's that fine, no problem with that. But maybe you could at least try to understand why some people want to spend money on that. And not "because they are a gullible audience".
In this case, absolutely. https://checkmynft.com/?address=0x60e4d786628fea6478f785a6d7... ("Asset Strength: Poor")
The NFT is a simple link to an URL hosted at boredapeyachtclub.com. Even if the owner backs up the image on IPFS, the NFT won't point to the IPFS backup; the NFT will always immutably point to BAYC's website.
Inevitably, BAYC will go down, and when it does, the NFT will be a receipt pointing to nothing.
("But it's a receipt to nothing that Shaq once held!" … yeahhh, sure.)
That's very likely, yes. It's just some digital trading card that he once owned. It's nothing in comparison to an artifact like a shirt from a game or even an autograph. And what are those worth? Much much less than what this URL was passed around for between rich crypto wash pumping bros.
Nobody is under any illusions here. Except the media and their gullible audience; the media is in on it and the people behind it have a financial interest in it, and the gullible audience is easily impressed with techno-jargon, the potential of getting rich overnight, and FOMO.