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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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[–] MrPloppy@lemmy.world 9 points 1 year ago (1 children)

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

[–] merc@sh.itjust.works 7 points 1 year ago (3 children)

So did poor people.

[–] pomodoro_longbreak@sh.itjust.works 4 points 1 year ago

Yeah that part sucks.

[–] Honytawk@lemmy.zip 1 points 1 year ago (1 children)

Dumb poor people who were obsessed with greed.

I have no sympathy.

[–] merc@sh.itjust.works 1 points 1 year ago

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.

[–] MrPloppy@lemmy.world 1 points 1 year ago

Rich or poor, they were all stupid.