this post was submitted on 21 Sep 2023
852 points (96.3% liked)

Technology

58303 readers
9 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
852
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
299 comments fedilink hide all child comments
 

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 4 points 1 year ago (1 children)

Yeah, a lot of the NFT craze was pump and dump where people were selling NFTs to themselves. Even that famous digital artist who got super rich did it because the guy who paid him was trying to inflate the market. But, like any con game, there are suckers. Many of them aren't rich, just stupid.

[โ€“] [email protected] 2 points 1 year ago

A lot of FOMO from people who missed out on bitcoin saw this, and thought it was the next big thing. And for like seventeen seconds, it was