NFT Shower Thoughts (11/14/22)
I really am over this FTX drama but the information and videos that are getting released it makes it very hard to ignore. There are so many allegations that at the end of the day its hard to know whats real & fake.
There is speculation that the former CEO, Sam Bankman-Fried, fled to Argentina in a private jet but according to reports his response was a simple "nope" when asked if it was true.
But we all believe him, right?
There's even allegations that FTX had ties to Jeffrey Epstein, the clintons, and even suspicious donations to Joe Biden. This is undoubtedly one of the biggest scandals not even in crypto, but business as a whole.
I think this teaches a valuable lesson that no matter whos an investor, supporter, or founder, nothing is a safe bet.
Tom Brady and his ex - wife Giselle were heavily invested. So was young NFL Quarterback Trevor Lawrence. Oh, and two time NBA MVP Steph Curry too. Did I mention respected businessman Shaq O'neal also lost money in this?
On a happier note
The owner of Pets.eth rejected an offer of 20 ETH. What does that mean?
Well for starters, it brings some much needed life in terms of capital being deployed. This also tells us that generic words are highly sought after and it doesn't matter whether they're 2, 3, 4, or even 8 letter words.
I personally still believe the next NFT bull run will be led by ENS domains.
Time will my friends, time will tell.