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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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[–] 2 points 3 years ago (1 child)

Why did you even buy them though? Surely you could have just downloaded them for free?

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  • [–] 0 points 3 years ago* (last edited 3 years ago)

    Because they are tied into the game. The NFTs contain information about the game asset. And a lot of the NFTs weren't bought, they were generated from aspects of the game. I don't know how else to explain it, without detailing the entire game or subset of games this falls into.

    I will say, that I am lucky, picked a good project and didn't spend too much.

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