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They sold off imaginary plots of land to imbeciles with too much money and/or narcotraffickers for around $5800 a pop, raising $320 million and burning $123 million in transaction fees.
This is the future of finance. We are screwed.
How long before a scam steals some ludicrous valuation of this imaginary land? Negative two days. (Web3 is Going Great)
$6 million has already gone up in smoke.
I'm in the wrong business. Well, in the wrong part of the right business. Or something. I did just buy a house more than twice the size of my current place so I can't complain too much. Except about my back which is killing me at this point.
The article doesn't say why - though given that it amounted to less than 0.1% of total donations last year, it might have just not been worth the trouble.
I remember SGI running an advertising campaign boasting about how they scale "from desktop to teraflop". Mobile phones can commonly exceed a teraflop these days.
Disclaimer: Pack 50 boxes and what do you get? Lower back pain and you're not half done yet.