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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] ns3855@lemmynsfw.com 4 points 1 year ago

Ignorant to the idea? The idea was basically a spreadsheet with links to PNGs and """"owner"""" of that PNG. Blockchain only means nobody owns the sheet itself, but that doesn't make it any less ridiculous.

[-] UsernameIsTooLon@lemmy.world 1 points 1 year ago

And money still went up for a quick amount of time. I knew what I was getting into, but I also knew it was a quick cash grab. A lot of people online just wanted to hate crypto to hate crypto. My friend has been spreading news about Bitcoin since 2011 and he had a hard drive that sold for $10k at one of its peaks. Quick cash grab and never look back.

this post was submitted on 21 Sep 2023
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