People used to think that buying mansions, sports cars, and jewellery was a means of splashing your cash and showing off your status.
However, with the advent of digital monkeys, tweets, and even perfume being sold as non-fungible tokens, the approach to demonstrating your wealth has been flipped on its head.
NFTs are designed to give you ownership over a digital piece of art or product, an original piece that can’t be exactly copied.
While some people might not be on board yet with the virtual token, NFT owners reckon it's a huge 'flex'.
One Twitter user named UrgentApe reckons that being a part of the Bored Ape NFT community is better than the more conventional ways of showing off your money.
They tweeted: “Owning a BAYC (Bored Ape Yacht Club NFT) is a bigger flex than owning a sports car. But most women are still not attracted to it.
“They’d still choose a sports car and think we’re stupid for collecting pictures of monkeys. We are still so damn early.”
I don’t know, a guy owning a .jpeg of a monkey with rainbow coloured hair could potentially be quite irresistible.
Thankfully, not all NFT holders were of the same mindset, with many laying in on UrgentApe.
One tweeted: “Not caring about the flex is the real flex.”
Another said: “In case it needs to be said to anyone reading this thread: please do not buy NFTs to attract women.”
While another commented: “Your ass stinks of misogyny.”
However, other users seemed to be a bit too invested in the NFT game, with a tweet that we aren’t quite sure is a satire or genuinely serious.
They said: “My mum is literally in hospice right now but I've been so busy trading $APE I haven't visited. I wanna visit her soon, but the grind never sleeps! even if I don't get to see her before she dies, she'll rest knowing she raised a son who can fend for himself #stayonthegrind.”
Go visit your mum dude.
Let’s hope these NFT investors aren’t putting all their funds into the digital space.
Earlier this week, the modern-day equivalent of an art heist took place with AU$3.5 million (US$2.5 million) worth of Bored Ape NFTs stolen in an Instagram hack.
The Bored Ape Yacht Club (BAYC) Instagram account was infiltrated on Monday (April 25) leading to 134 NFTs transferred from the wallets of several users.
The hackers sent out an unofficial ‘mint’ link to followers that would give Bored Ape holders a free allotment of ‘land’ in the upcoming Otherside metaverse.
However, the link gave the hackers control over the crypto wallets of those who clicked the link.
The hacker has also already offloaded the stolen goods across NFT marketplaces OpenSea and LooksRare.
While OpenSea has marked the goods as ‘suspicious activity’ they can’t stop the NFTs from being sold.
At least with a sports car, you can potentially track down the stolen vehicle.Featured Image Credit: Twitter/UrgentApe. Greg Urquhart / Alamy.