. In January pop star Justin Bieber paid $1.29m for a “Bored Ape” NFT, a graphic of a, well, bored ape. Everyone from Michael Jordan to former first lady Melania Trump was in on the game.
“While every investment class has its losers, many of the NFTs we invested in were not only down big; they were now totally worthless … illiquid … unsellable,” the service says on its website. Launched a month ago, Unsellable now has 5,000 NFTs, and founder Skyler Hallgren expects that to grow to 15,000 by the end of the month. “They are an interesting artefact of a period of time in the market,” he said. But he expects the NFTs are “likely to continue to be worthless”.
“For some folks, the amount they paid for NFTs is quite high and were buying them for a penny so the write-off they can take is quite high.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mastodon founder says investors lining up since Elon Musk’s Twitter takeoverEugen Rochko has ‘offers of hundreds of thousands of dollars’ from Silicon Valley private equity firms Good for them? Maybe Elon owns Mastadon Mastodon appears to be a bunch of silo fiefdoms, each with their own arbitrary rules, the very antithesis of an open network, so if your desire is to lecture to people who disagree with you, instead you’ll get an echochamber. If that’s what you want, leave Twitter.
Source: GuardianAus - 🏆 1. / 98 Read more »
Tesla stock marks lowest close in years as investors worry about Musk’s focusExperts blame Elon Musk’s management style at Twitter for the electric carmaker’s financial problems Rivian is down 82% YTD. Lucid is down 83% YTD. Amazon is down 52% YTD. Volkswagen is down 49% YTD, GM is down 42% YTD, Ford is down 46% YTD, and Microsoft is down 31% YTD. How did Elon's purchase of Twitter affect those companies? Apple cash on hand for the quarter ending September 30, 2022 was $48B, a 22.89% decline YoY. 2022 was $48.B, a 22.89% decline from 2021. Apple cash on hand for 2021 was $62.639B, a 31.12% decline from 2020. Apple cash on hand for 2020 was $90.943B, a 9.56% decline from 2019. Tesla cash on hand for the quarter ending September 30, 2022 was $21.107B, a 31.14% increase YoY. 2021 was a 8.65% decline from 2020. Tesla cash on hand for 2020 was $19.384B, a 209.25% increase from 2019. Tesla cash on hand for 2019 was $6.268B, a 61.59% increase from 2018.
Source: GuardianAus - 🏆 1. / 98 Read more »
New building standards needed to help the switch from gas: ACOSSThe government’s deal with Greens to fund low-income households to switch from gas to electric appliances could create a clash with property investors.
Source: brisbanetimes - 🏆 13. / 67 Read more »
We run the numbers on whether it’s worth getting an electric vehicleThe bigger the mileage, the more things lean towards the EV. The novated lease option, however, tilts things dramatically and unambiguously in favour of the EV. WT hell are you talking about. Novated lease you pay the capital costs back as FBT. You pay a leasing fee on top of that. You get running costs pre-tax but that is the same for oil and EV vehicles. A novated lease is mainly of value if you do high miles. Which EVs won’t do!
Source: FinancialReview - 🏆 2. / 90 Read more »
More bodies expected when snow clears after blizzard 'for the ages'Americans are warned to 'stay out of the city of Buffalo', where two storms in a month have dumped almost a year's worth of snow and the death toll is expected to rise. Self toasting This wasn't a blizzard for the ages. 45 years ago there was a similar blizzard and before that several others. Stop preten that this one is something 'new' and 'unseen before' in your obvious attempts to make this about the non existing man made climate change. 60 lives. Some while shoveling. Absolute disaster
Source: abcnews - 🏆 5. / 83 Read more »
Sun's out, bums out: The group baring all in the name of body positivityIt's a hot summer's day in the nation's capital and members of Get Naked Australia are cooling off by taking it all off, ready to pose in a particularly colourful photo shoot. Oh Justin, this is fabulous. More ABCNews like this please, Justy JustinStevens Stunning and brave.... Sun worshippers with their 'Ah! Sol!'
Source: abcnews - 🏆 5. / 83 Read more »