Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.

L4sBot@lemmy.worldmod to Technology@lemmy.world – 840 points –
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
markets.businessinsider.com

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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Anyone with the ability to read who bought one deserves what happened to them. The sellers are probably still laughing.

99 times out of 100, it was the seller selling it to himself to artificially inflate transaction numbers and nudge the price up.

Yeah, but that's the thing with scams. They make thousands of attempts, but they only need that one sucker.