this post was submitted on 21 Sep 2023
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Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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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[–] yata@sh.itjust.works 7 points 1 year ago

IIRC, NFTs were there to help finance artists who work on a purely digital medium

That's not true at all. They were a con from their inception. The "helping artists" bit was something they made up to further that con. Just like when they claim cryptocurrency is an actual viable currency alternative to fiat.