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this post was submitted on 29 Mar 2024
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chapotraphouse
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The "value" of the NFTs was tied to the value of the coins (almost always etherium) on the chain on which they were minted. The hammer came down on FTX which was the primary company propping up the bezzle bringing down the hanger-on scams with it.
Eth is actually not far off from its all time high value im pretty sure. FTX was just one of many hype bros scamming.
So they really are all worthless now?
After all that? If so...