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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 3 years ago by [M, B] 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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[–] 37 points 3 years ago* (1 child)

With NFTs there aren't even any art. The NFT is a receipt for the art, not the art itself. You didn't buy the copyright for the actual art with an NFT, you bought a link to a specific copy of the art.

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