THE FALL OF THE NFT

Just a few years ago NFTs (Non Fungible Tokens) were going to be the new Bitcoin and were being heralded as an amazing investment opportunity.

But they are not doing so well any more. In fact people seem to be saying the bloody things are now worthless and all the gullible numpties who bought them got stiffed

According to a report by dappGambl that reviewed data from NFT Scan and CoinMarketCap, 69,795 out of 73,257 NFT collections have a market cap of 0 Ether, leaving 95% of those holding NFT collections – or 23 million people – with worthless investment.

NFTs, or non-fungible tokens, are a form of crypto asset that is used to certify ownership and authenticity of a digital file including an image, video or text.

The report comes nearly two years after the craze for NFTs swept up celebrities and artists alike, with many rushing to purchase NFT collections of the Bored Ape Yacht Club and Matrix avatars.

In March 2021, the crypto entrepreneur Sina Estavi made headlines when he paid $2.9m for an NFT of the first tweet from the former Twitter boss Jack Dorsey. Meanwhile, in December 2021, the former first lady launched an NFT collection named Melania’s Vision which included a limited edition digital artwork of her eyes.

https://www.theguardian.com/technology/2023/sep/22/nfts-worthless-price

Not that NFT's were ever going to have any real purpose or long term value:

https://cult.honeypot.io/reads/10-reasons-why-nfts-are-dumb/

These are the ten most expensive NFT's of all time:

10. Stay Free – $5.27 Million

Stay Free is the tenth most expensive NFT ever sold.

The Stay Free NFT came into existence when NSA whistleblower Edward Snowden, entered the NFT bandwagon in April 2021. The Stay Free NFT covers the entirety of the 2015 Second Circuit Court of Appeals decision in ACLU v. Clapper, which ruled that the National Security Agency’s surveillance activities violated the laws.

“Emerging applications of cryptography can play an important role in supporting our rights,” Snowden had mentioned during the announcement of his own NFT. He further went on to add that the funds from the auction will allow the Foundation to develop privacy-protecting encryption, ensuring press freedom.

It was bought by PleasrDAO, a decentralized autonomous organization.

Stay Free portrays Snowden against the text of the hearing with his signature on the bottom right, which is a one-of-its-kind artwork. Snowden went on to sell the artwork for $5.27 million and donated the proceeds to the Freedom of the Press Foundation, which is a non-profit that advocates for free speech and press freedom around the world. It is produced using open-source software.

9. Save Thousands of Lives – $5.23 Million

Save Thousands of Lives is an NFT artwork launched by a non-profit called Noora Health that was sold on May 8.2021.

This artwork was sold to programmer Paul Graham at a charity auction. This artwork aims to help fund Noora Health’s efforts with new mothers in South Asia by teaching them how to take care of their babies once they get home from hospitals.

Noora Health has been working with more than 165 hospitals in the region and works with the families of the new mothers, by educating them on how to keep the mother and the baby healthy and safe.

This artwork was sold for $5.1 million or 1,337 ETH, saving lives at a cost of $1,235 for every life saved.

8. World Wide Web Source Code – $5.4 Million

Sir Tim Berners Lee, the founder of the World Wide Web decided to explore the NFT ecosystem when he decided to sell an NFT that consisted of the original source code for the web. It’s an artistic representation of the web source code, bundled together as an NFT.

The artwork which was titled “This Changes Everything” went on sale at Sotheby’s with critics complaining about the same. Many said that this went against the web’s decentralized nature.

However, the sale went on ahead and garnered $5.4 million. Interestingly, days after the artwork was sold, someone pointed out a coding error in the artwork sold.

7. CryptoPunk #5217 – $5.59 Million

The CryptoPunk #5217 is one of the 24 ape punks wearing a knitted hat and a gold chain. Features on the #5217, our second CryptoPunk on the list, are considered to be quite rare and unique by the Punk enthusiasts as well.

The CryptoPunk #5217 is currently owned by the address 0xe30161 and isn’t up for sale.

6. Ocean Front – $6 Million

The Ocean Front is an artwork by graphic designer NFT artist Mike Winkelmann, popularly known as Beeple.

Ocean Front tries to create awareness around climate change and showcases a tree sitting atop cargo containers in the middle of the ocean. What makes Ocean Front one of the most popular NFTs is the way it highlights a real-world social problem.

Justin Sun, Founder and CEO of the Tron Foundation won the winning bid for the artwork at around $6 million. The proceeds from the Ocean Front sale are going to benefit the Open Earth Foundation, a nonprofit organization working to avoid the existential risk of climate change.

The Open Earth Foundation is working on “raising assets to foster an imaginative open advanced framework for further developed administration of planet Earth helping track straightforwardly the worldwide advancement on the Paris Agreement to keep away from the existential danger of environmental change.”

The artwork was sold on Nifty Gateway.

5. Crossroad – $6.66 Million

Another one from the drawing board of Beeple is Crossroads. Back when it was sold in February 2021, it remained the most expensive piece of digital art ever sold for a brief amount of time.

Crossroad is an artwork focused on the US elections, and supposedly showcases a defeated Donald trump lying in the background after the 2020 results. However, it was supposed to showcase him wearing a crown, had he won.

The NFT was sold for $6.66 million by Nifty Gateway, which brokered the deal between the original owner of the artwork and an anonymous buyer. It was sold at 10x of its original price within four months of its initial purchase.

 4. CryptoPunk #3100 – $7.51 Million

Yet another CryptoPunk on the list is CryptoPunk #3100, which was sold for $7.51 million. The #3100 is one of the rarest CryptoPunks, known as the alien punks, and sports a headband. It was sold for 4,200 ETH or $7.51 million in March 2021.

Out of the 10,000 Cryptopunks out there, there are 9 alien aliens, that make them enviable amongst the NFT enthusiasts.

3. CryptoPunk #7804 – $7.56 Million

At $7.56 million, CryptoPunk #7804 is one of the 9 aliens, similar to the one mentioned above. The person behind the sale of this NFT was Dylan Field, the CEO of design software Figma.

Sold in March 2021, the #7804 sports three accessories- a forward cap, shades, and a pipe. The pipe adds to the rarity of this NFT.

2. CryptoPunk #7523 – $11.8 Million

This appalling picture of a CryptoPunk in a face nappy sold for $11.8 million proving that NFT market is utterly retarded...

"It sports a face mask that provides it a sense of relevance during COVID-19. Moreover, it comes from the group of 9 Alien CryptoPunks. The face mask adds to the uniqueness, making it the only Alien Punk with a mask"

Great that makes it extra cool!

1. Everydays: The First 5000 Days – $69.3 Million

The winner of the most expensive NFTs ever sold is Everydays: The First 5000 Days by Mike Winkelmann which was sold at Christie’s.

Everydays is an artwork that represents a collage of 5,000 of Beeple’s earlier artworks he made every day in the last 5,000 days. Mike Winkelmann stated that he was inspired by British artist Tom Judd and began with the Everydays project on 1t May 2007.  The artwork consists of images ordered chronologically with some of the images actually being hand-drawn. It was purchased by Vignesh “MetaKovan Sundaresan.

The second-highest bidder for Everydays was Justin Sun, the founder of Tron, who was snipped at $60.2 million by Sundaresan.

 

Most of this post was copied from

https://insidebitcoins.com/buy-cryptocurrency/buy-nft/most-expensive-nfts

DOES MONERO EVEN STILL WORK?

With all things relating to computer privacy we are in an awkward position that if something is widely used it won't be private, and if something is really private it will be prevented from becoming widely used. 

The crypto Monero is a good example - it was the only properly private cryptocurrency, but this year it has been made near to unusable - no exchanges will trade it, and no wallets will store it - it is still spoken of like it is the best privacy crypto, which it would be if it was usable, but it isn't.

I still have US$45 of Monero that I missed when I was selling my Monero at the start of the year. If I wanted to use it, that would not be easy, so I've written it off - It would require setting up an old wallet to even be able to see it, and any person I might send it to would need to do the same. 

No exchanges will accept Monero now so it can't easily be sold or traded. So the coin is essentially unusable, but nobody is talking about that, and it's still currently trading at US$400 seemingly unaffected by the fact that it's now a completely useless privacy coin. 

The fact that this coin is still supposedly happily trading like it's still usable and nobody is talking about this situation was the final straw that made me lose any remaining faith I had in cryptos. 

The elephant in the room is, who is trading it? and how are they trading it? If I can't trade my $45 of Monero, how are people trading millions of $ of it? Are all these trades of Monero even really happening? Why would anyone pay $400 for a privacy coin that is nearly unusable?

And that is why privacy is a really complex subject - nothing is what it seems! 

SUBSCRIBE TO FORBES

Forbes do really in depth crypto research, and charge a premium for their deep insights 😂 

"Following the latest rally, bitcoin may have bottomed out, according to the YouTuber who goes by Wendy O" 

Yeah, that "person" looks fully legit...

Trust Forbes, they can tell the difference between Elon Musk & Mark Zuckerberg...

THAT WAS BIGTIME

It is increasingly looking like the crypto crash on Friday was one of the biggest financial heists ever pulled off.

The markets dropped by around US$20 billion in less than one day, and insider traders such as Blackrock essentially stole at least half of that, primarily from retail investors.

Donald Trump was certainly playing a front-line role in this massive financial crime, but big exchanges like Binance were a huge part of it as well. 

As expected, despite the scale of this crime being absolutely massive, the controlled internet is covering up what just happened very well, and is still at this stage managing to convince most people that all this was all just a bunch of random coincidences. 

Here is a new video from "Crossing the Rubicon" that covers it all very well: 
https://www.youtube.com/watch?v=F4jAE4d88x0&t=301s

It will be interesting to see if the massive scope of this crime, clearly carried out by the US government under the control of their globalist controllers, is widely exposed, or swept under the rug. 

A HARD CRASH

The crypto crash on Friday was quite spectacular. Trump's handlers (Blackrock) roll out their orange puppet when they really want to shake up the markets.

The previous biggest crypto crash of all time took place in 2021, and it was a drop in market value of US$1.5 billion in 24 hours. This crash was approximately US$19 billion in 2 hours, so more than 10x the size in just 1/12 of the time.

Blackrock are manipulating the markets constantly,  which they can do easily because they own such a massive slice of cryptos that they can buy and sell large enough chunks of any coin they want to trade, and pretty much control the prices.

But every once in a while they want to really shake things up fast, and one of their tactics is to roll out Captain Chump for some WWF style theatrics. For the second time this year he did the "massive tariffs on China" call. It worked pretty well last time, but this time was even more spectacular.

And for their next shakeup they will probably use a variation of the "WW3" story again, because that is an old favourite that never seems to run out of steam.

As well as making all the usual gradual market gains from their manipulations, on Friday Trump/Blackrock raked in billions of dollars of rapid gains. This 12 minute video explains what has just taken place:  

https://www.youtube.com/watch?v=oAHslPspqoY

 

 

 

 

 

AMPUTATION FREAKWORLD

"Amputation Freakworld" by SIFT (2025)

This is an edit of one of my drawings that I was playing around with yesterday. I want to start doing more blog posts featuring my art, and was tossing up just how involved about describing it all to get.

The process usually involves starting out with one of my drawings or photos, or an edit of a found image, and then using about half a dozen different apps to edit it, before saving the final copy in a relatively small 750 x 750 px size, and signing it with the www.sift.co.nz URL of my blog.

So I could potentially post images from each stage of the editing, describing how it was done. But that might get anal and boring. I'm not trying to reveal a conspiracy here, and have nothing to prove. So I'm not going to do that, but am just going to post the finished image with a title and year. I'm also not going to try an explain what any of them mean, because I usually have no idea. 

Having said that, I think this particular image may have originally been triggered by seeing a bunch of diabetes patients in wheel chairs at the hospital, with their legs amputated (another horrible medical scam). But everything I come up with as far as art goes is like a dream, which I don't really understand, so am probably best off not to attempt to explain.

I'm just having a bit of fun with these pictures and they are not intended to be in any way professional "art works" for sale. They are also not NFT's, because although I'm into crypto trading, I think NFT's are just a massive scam. I think regular cryptos are as well really, but I draw the line at meme-coins & NFT's, and stick to trading top 100 by market cap cryptos, which I've sometimes done well with over the past decade.

NFT's are non-fungible tokens which include assets like artworks or digital content that has been tokenized via a blockchain. These tokens have unique identification codes and are stored on a digital ledger. They can be traded and exchanged for money, cryptocurrencies, or other NFTs. Whoever has the private keys to a token owns the rights to it.

Cryptocurrencies are similar to NFTs, in that both are secured on blockchain networks. The key difference is cryptocurrencies are fungible, or interchangeable. There is no real difference between one bitcoin and another, for example, but no two NFTs are identical.

THE NEXT PSYOP HAS JUST BEEN ANNOUNCED

Just in case it isn't obvious enough what controlled puppet Trump is up to, his owners have just announced their next evil plan. As they always do. No surprises here, a US recession, and very soon. 

 "US recession would be a big catalyst for Bitcoin: BlackRock"

One of the first signs of a psyop are repetition of a news story across all the controlled media outlets using a specific key phrase

Yes, I think this signals two things:

1. The US economy is about to crash. (The illuminati always announce their evil plans)

2. Bitcoin (and other cryptos) are about to have a price surge. Buy cryptos now!

 

TRUMP MEMECOIN

Trump has released a meme coin - it has only just been released and is being pumped to the moon

 

https://www.coingecko.com/en/coins/official-trump

 

 

Forking out for this stupid coin is a wild gamble. What a scam! - they released 200 million of them, so at it's peak price of US$65 each they created US$1.3 billion out of nothing but hype for a worthless meme coin.

 

https://www.usatoday.com/.../trump-meme-coin.../77802704007/

 

I must admit I probably made a bad call saying it was a joke at US$39 yesterday, as it rose another 65% after I said it was a worthless scam last night - up from US$39 to US$65

Previously I was expecting it to peak at around US$50 then trigger a sell off and drop back to about US$20

But ultimately it's another meme coin scam so sooner or later the price will drop back and when it does it will drop fast.

When that will happen is pure guess work. I am generally a crypto pessimist so I was expecting it to happen within a day or two from the outset, but the crash could be anywhere from one day right up to four years. I'm confident it won't last beyond Trump's four year term, (and I'm also confident this will be Trump's last term)

I'm still thinking if it ever gets up to US$100 that will trigger a sell off and am still expecting it to crash before the end of this month. I wouldn't touch it with a 10 foot pole but I do think the Solana blockchain that all these meme coin scams are based on is worth a look.

 

Trump is also selling shoes, watches, and bibles. The Trump shoes look awesome You can really see his WWF Hulk Hogan 80's roots here! Such a stylish dude.

 

 

PS - Since writing this post half an hour ago, TRUMP coin has just dropped from US$65 down to US$47. Meme coins are a wild ride...