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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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[+] -23 points 3 years ago* (last edited 3 years ago) (2 children)

Sounds a lot like the banking system today lol.

Edit: Idk why all yall turds down voted me. The u.s. dollar is literally not backed by any physical asset..... look up fiat money and do research on the dollar.

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  • [–] 4 points 3 years ago

    Yes it is. It's backed by the US's economic power on the world stage. That's how economies function.

    Crypto can be created or of thin air by literally any tech bro with a GPU. By definition that is literally worthless

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