Dead NFTs: The Evolving Landscape of the NFT Market

fer0n@lemm.ee to Technology@beehaw.org – 92 points –
Are NFTs Dead? - Trends, Predictions & Statistics 2023
dappgambl.com

TL;DR: The NFT market has drastically declined since its peak in 2021, with most NFT collections having no value. There's an oversupply of NFTs, leading to a buyer's market, and environmental concerns due to energy consumption. Top NFTs also struggle to maintain value, and the future of NFTs depends on utility and genuine value rather than speculation.

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They do not stop copying what ever the receipt points to

They just stop the seller from claiming you no longer have the right to a copy.

Has an NFT as proof of ownership ever actually been tested in a court of law?

Until it does, the claims the NFT shills make mean zero.

I don't think you understand: a DRM-locked digital content doesn't need, or care about, "a court of law" to work or not with a given key.

Instead of listening to the shills of GIF NFTs, centralized app/media shops, or centralized governments, try to think about what the technology actually means.

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