How to short NFTs

Somebody please tell me how to short this NFT tomfuckery...

Might have answered my own question. I think the play is to short ETH, right?



Beeple's $53M sale must have beat up ETH's price, and if that happened on a widespread basis it'd be over for the ole' Russian-lead cult.

Back when ETH "2.0" came out I had a feeling it would be ETH's downfall. To my cohorts I would say "Craig Wright is the only truth", to mean that any veering from from CW's ingenious architecture will end with implosion. The 2.0 "staking" malarkey was a severe veer, as mining is the heart of the system.

Anyway, my point is, NFT might be what brings down ETH.

As smart as I feel right now, I don't have the balls to short ETH.

NFTs are a small part of ETH. In 2020 the total NFT volume was $250M [1]. In 2020 the Uniswap protocol volume was $58B [2]. And that's just the Uniswap DEX.

Additionally, not all NTFs are on the Etherium network. NBA Top Shots and CryptoKitties are on the Flow blockchain [3].

[1] https://tokenist.com/nft-trading-vol...00-since-2019/
[2] https://uniswap.org/blog/year-in-review/
[3] https://coincentral.com/nba-top-shot-nfts/

Hey, eth is too big to fall, folks! But why to bring down eth ? These sort of things never really go down !
The hate against the system, against the old, against the banks, the rich, the powerful ...hate is is forever.
It never dies !
Because the percentage of frustrated hurt losers never change in history.
Crap like crypto for instance can swing widely up and down in some crazy volatility,
which is still great for the restless gamblers, but it never goes really down !
It's fkn impossible
It's kind of covered by potential retard short sqeezers cult forever !
Look around you. So many feeling small losers become fanatic rioters.

That brings a new disease in town. They think they are creative.
Smart contracts for any bullshit.
The obssession for some superior unicity coming from the horror of being small and insignificant,
or the myth of value only by scarcity,
or the hype around everything new fed by delusional blind belief that will become the ultimate spectacular invention which will change everything in some distant future...
This never dies !
Like blabbering about the future crypto money without understanding money and economy
Fake hope it's the only drug for financial illiterate losers.

Look at the crypto fanatics!
For those anti-banking system morons even collecting NFTies on Pokemon cards could sound like a promising retirement plan.

You could take the route of creating and offering NFTs... though the market is already completely saturated with crap.

Could also target publicly traded companies that dabble in NFTs, just heed the noise and concentration risk there.

There aren't many palatable options here that I can see..

Genius!

One idea is to short Sothby's ... but that would also expose you to their non-NFT market.


EDIT: Nevermind, it was brought private: https://news.artnet.com/market/art-c...rivate-1576156

OK this is .... weird: https://www.masterworks.io/trading/bulletin

They sell fractional shares of artwork, making it available for buying and selling. They don't appear to offer NFTs yet, but this could be the way.