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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A load of rich stupid people got fucked over. Beautiful.

So did poor people.

Dumb poor people who were obsessed with greed.

I have no sympathy.

Dumb poor people who were hoodwinked by slick advertising by con-men run firms like FTX, who just wanted some part of the American Dream.