476
The vast majority of NFTs are now worthless, new report shows
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Sep 2023
476 points (95.8% liked)
Technology
34759 readers
86 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS
Was that happening? All I ever heard about was people selling artists art that they didn't own the rights to without permission, and getting away with it
The major nft exchanges paid a portion of each sale to the artists, yes. It was one of the things that NFTs, and blockchain in general, was supposed to help solve for. IMO it’s a good use case for blockchain being used when paired with real world items.
The actual artist? The one that created the art? Not the one that stole the artist's work and turned it into an NFT for a quick buck from something they had no right to?
Yes. The actual artist.
That was one of the things that was working quite well during the NFT hype.