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azuredivay
2y

An uncle of mine, owns an NFT/Betting startup (early 30s, so no veteran and no doesn't know much coding).
Got 3-4m USD as investments.

It's an utter garbage "app" that he knows will die in an year, and he's drawing big salary and buying properties from the funding until he has the "runway" of funds remaining while app/company works in the background

What bugs me isn't that he's feasting on some random investors' petty change, but that such "ideas" get money thrown at them while ive seen 100s of more fun ideas/apps back in uni-days that died in obscurity when people graduated and retired them as projects, being talked about in 1 liner in their CVs.

This world ain't right :v

rant

nft

startup

investment
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Comments
  • 10
    2y
    your uncle is a gem guy who has cracked the code of capitalism and don't give 2 shits about world or anyone else.
    or he is just a lucky , sinister fella soon to get imprisoned for fraud
  • 3
    2y
    Consider that, for everything evil you do, the price will be paid in full in the non-determined future.
  • 7
    2y
    Sounds like Tuesday to be honest. Not the first and not the last.
  • 1
    168d
    It's really interesting to hear about your uncle's journey with his NFT betting startup. It must be frustrating to see seemingly less deserving projects get significant investments while more innovative ideas from university days went unnoticed. I can relate; it's often disheartening to see the disparity between potential and funding in the startup world https://ggbet1.net/fr-ca However, it's also a reminder of how unpredictable and sometimes unfair the tech and investment landscape can be. How do you feel about the current state of tech investments, and do you think there's a way to bring more deserving projects to the forefront?
  • 0
    85d
    That’s an interesting story about the NFT betting startup! The crossover between crypto, NFTs, and betting is definitely a unique angle, though as you pointed out, it’s still a fairly new space with lots to prove. For more traditional options, sites like https://pinupbetting-bd.com offer a good perspective on how established platforms operate, especially in terms of bonuses, sports betting options, and user experience. It’s a solid reference for seeing what’s working well in the mainstream betting world—helpful for anyone exploring new or traditional betting avenues!
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