Being a scam and not making money are not related
While its true that many platforms only the 1% make money, at least the ones making money are providing a service or creating a value that is directly related to the price being paid
But don't try to BS saying a random person that paid off someone from fiverr to make some shitty drawings will earn anything from this.
How is paying $5 for a drawing and then adding it to the blockchain suddenly making this worth 100x? Most people are not stupid and won't fall for this, only a few that thing they can resell this crap and thus the scam cycle continues.
Imo adult content, music , digital art, acting , singing . Are all art forms
If someone is able to sell his auto tuned songs to 16 year old girls like drake and 99% of current popstars for example
Or someone is selling art from a up and coming freelance artist on fiverr as an nft , I congratulate them on their marketing skills
Is it 100% ethical ? Idk I'm not God to judge them.
Imo it's not unethical , bayc paid a freelancer zeneca to draw the apes, but all their nftholders earned half a million ( some earned 100 million )
I find it had to see a scam in outsourcing the artwork of avatar based ecosystem.
Based on their marketing skills I would say they are good at marketing , and for the tons of scams on nfts , they are millions of scammers in every Industry
Most scams online happen on IG actually.
I got scammed by the government many times , ppl get scammed by expensive UNIVERSITIES, they get sold the dream of getting a good job if they pay a fortune for Stanford or Harvard or whatever flashy marketing university .
So my opinion nfts is not so bad as you make it sound , but everyone is entitled to their own opinion, and I agree to disagree ! Lol