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Non-fungible tokens (NFTs) are digital assets, bought and sold using cryptocurrency, such as Bitcoin. You’ve probably seen one of the slightly varied images of apes that celebrities and other gullible people have been proud to crow about.
Investing 100% of my net worth in NFTs has taught me a lot. Mostly, that my family thinks I’m an idiot
— Degen Ape Greg (@DegenApeGreg) March 29, 2022
The carbon footprint of NFTs is enormous, due to the banks of processors required to maintain cryptocurrencies, and the intensive Proof of Work procedures.
I joke about NFTs but at the end of the day it’s just really disheartening to me that after years of discussing how late stage capitalism is killing us, some of y’all straight up abandoned that convo cuz you wanted to buy a jpeg of a monkey with a carbon footprint. It’s sad. Idk.
— nat “cops break laws to terrorize/intimidate” puff (@LeftAtLondon) January 22, 2022
This, from queersamus on Tumblr, is a long(ish) but pretty accurate and entertaining explanation of how they work.
Imagine if you went up to the Mona Lisa and you were like “I’d like to own this” and someone nearby went “Give me 65 million dollars and I’ll burn down an unspecified amount of the Amazon rainforest in order to give you this receipt of purchase”.
So you paid them and they went “Here’s your receipt, thank you for your purchase” and went to an unmarked supply closet in the back of the museum and posted a handmade label inside it behind the brooms that said “Mona Lisa currently owned by jacobgalapagos” so if anyone wants to know who owns it they’d have to find this specific closet in this specific hallway and look behind the correct brooms.
And you went “Can I take the Mona Lisa home now?” and they went “Oh God, no. Are you stupid? You only bought the receipt that says you own it, you didn’t actually buy the Mona Lisa itself, you can’t take the real Mona Lisa, you idiot. You CAN take this though.” and gave you the replica print in a cardboard tube that’s sold in the gift shop.
Also the person selling you the receipt of purchase has at no point in time ever owned the Mona Lisa.
Unfortunately, if this doesn’t really make sense or seem like any logical person would be happy about this exchange, then you’ve understood it perfectly.
That national treasure in comic form, The Beano, found an even better explanation – and it’s a lot shorter.
The Beano has just explained the ridiculousness of NFT’s in the simplest and most hilarious way.
It’s an absolutely brilliant put down. pic.twitter.com/yAKwagqnXR— Simon Widdowson (@xannov) March 30, 2022
The writer, Andy Fanton, explained the creative process.
Thank you very much, it was a delicate balancing act between social commentary and disgusting fart jokes
— Andy Fanton (@YourPalFanton) March 30, 2022
Classic Beano.
These are just a few of the impressed responses we saw.
Reminder: comics are not for reluctant readers. They are for clever children who are being prepped to be critical and awesome citizens. @YourPalFanton https://t.co/fzFueNyHEz
— Louie Stowell (@Louiestowell) March 31, 2022
Thank you Beano https://t.co/aYIgoiu4jm
— dave trott (@davetrott) March 31, 2022
I thought I was screwed when my 2022 bingo card came with ‘The Bash Street Kids mock NFTs’ but I am very glad to be wrong. https://t.co/NRmnKn2H4n
— Matt 'Wib' Ward (@WibDoesTweets) March 30, 2022
Brutal, but accurate. https://t.co/R6QMWXAo2T
— MrJalco
(@MrJalco) March 30, 2022
The Beano taking the gloves off. Pow. https://t.co/FCMOYDUPq9
— Dirk Maggs (@DirkMaggs) March 30, 2022
David Paisley explained why the fart analogy works so well.
This is funny, because farts, like NFTs, are *also* contributing to global warming, via agricultural methane. https://t.co/rBIAZBIL59
— David Paisley (@DavidPaisley) March 30, 2022
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Source Simon Widdowson Image The Beano, via Simon Widdowson, Dylan Calluy on Unsplash
The post The Beano shared the best two-part explanation of NFTs – and it’s a blast appeared first on The Poke.
Source: ThePoke
