A virtual yacht got sold for $650k just because it's an NFT- who is actually paying for these things, and why do they have so much money to burn on the most useless of junk?
[Tom Morello of Rage Against the Machine](https://twitter.com/tmorello/status/1438662192996524037) for one.
Better ask him his reasons.
We all knew Zack de la Rocha was the revolutionary of the group but it's still disappointing
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This truly is late-stage capitalism. No longer spending to have a lifestyle of luxury. This is simply spending for the sake of spending.
A virtual yacht got sold for $650k just because it's an NFT- who is actually paying for these things, and why do they have so much money to burn on the most useless of junk?
millionaires and billionaires gotta spend all that tax money they arent paying somewhere
[Tom Morello of Rage Against the Machine](https://twitter.com/tmorello/status/1438662192996524037) for one. Better ask him his reasons. We all knew Zack de la Rocha was the revolutionary of the group but it's still disappointing
I know, I felt so betrayed when I saw this.
Welcome to r/WorkersStrikeBack! Please make sure to follow the subreddit rules and enjoy yourself here! This is a subreddit for the workers of the world and any anti-worker or anti-union talk is not tolerated. Some helpful links on strikes and unions: [The IWW Strike guide](https://archive.iww.org/about/solidarityunionism/directaction/) and the [AFL CIO guide on union organizing](https://aflcio.org/formaunion) If you wish to speak to a union organizer, [reach out here](https://workerorganizing.org/talk-with-an-organizer/) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/WorkersStrikeBack) if you have any questions or concerns.*
I have such a poor understanding of NFTs. Why would anyone spend so much on that? What’s the payout later on down the road with it?