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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 1 year 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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[-] merc@sh.itjust.works 2 points 1 year ago

The u.s. dollar is literally not backed by any physical asset

It doesn't need to be, it's backed by the need to pay taxes in USD.

this post was submitted on 21 Sep 2023

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