this post was submitted on 21 Sep 2023
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Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[–] reverendsteveii@lemm.ee 14 points 2 years ago

literally nobody fell for the grift

Someone somewhere has an NFT instead of a bunch of money. Even if everyone participating knew this was a very expensive game of hot potato someone had to be holding the potato when the buzzer went off.