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.

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.

  • Honytawk@lemmy.zipEnglish
    1·
    1 year ago

    The thing with art is that even if the art itself is completely worthless, the materials used are not.

    You can sell a “worthless” painting to be used as firewood.

    Same with digital assets, they can be sold to be used as templates or even to train an AI.

    But a location in some useless database (which is essentially what an NFT is) does not.