The Simpsons Halloween Particular Roasts NFTs and Their ‘FOMO’ Pushed Worth

• A just lately launched ‘The Simpsons’ episode referenced NFTs and their overhype.
• The episode identified that 99% of NFTs created haven’t any present worth.
• NFT worth will considerably lower as soon as the “FOMO” subsides, in line with the episode.

The American animated sitcom The Simpsons just lately launched a Halloween particular episode that made a number of references to Non-Fungible-Tokens (NFTs) and their overhype. 

The episode, which was launched on November 5, claimed that NFTs run on a “fomo-meter”, a worry of lacking out, and talked about that 99% of the NFTs ever created at the moment haven’t any worth. Within the episode, one of many characters is battling by means of the blockchain to rescue her son, who has become a residing NFT. 

“Keep in mind how we have been at all times saying we wished Bart was much less fungible?” After placing his son on the blockchain, Homer, Bart’s father, asks his spouse, Marge. Homer acknowledged that NFTs don’t have a function. When Marge stated that her son is now a cellular utility, Homer stated, “No, apps truly do stuff; he’s an NFT.”

The NFT market was cut up into three components within the episode; within the lowest class have been PFP NFTs, which stands for picture-for-profile NFTs. They’re unique digital pictures designed to be showcased because the proprietor’s private profile image on social media. CryptoKitties have been in a better class, then digital artwork was on the high, in line with Noah Bolanowski, an artwork collector and a visible artist advisor

Bolanowski acknowledged that the episode had “an unimaginable artwork emphasis,” because the present portrayed PFPs as the underside of the barrel, whereas artwork was positioned at a degree of status. NFTs resembling Bored Ape Yacht Membership, NyanCat, and CryptoKitties have been featured within the episode. 

The episode claimed that the “NFT craze” is behind the NFT’s worth and predicted that after the “FOMO” is gone, the worth will lower dramatically. After Homer turned himself into an NFT, his daughter stated, “He was so afraid of lacking out, he tokened his personal life.” Whereas Homer’s worth was $100,000,000, his worth decreased to $0.05 as soon as the “NFT craze was over.” By evaluating the NFT market at its peak, which was January 2022, and July 2023, the buying and selling quantity has dropped by over 81%.