this post was submitted on 21 Sep 2023
849 points (96.3% liked)

Technology

59206 readers
2539 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.

(page 6) 46 comments
sorted by: hot top controversial new old
[–] FlyingSquid@lemmy.world 0 points 1 year ago

Still waiting for that Seth Rogen TV show...

[–] 5in1k@lemm.ee 0 points 1 year ago

Hey at least we got that asshole Beeple.

[–] DrQuint@lemm.ee -1 points 1 year ago

now

Weird word usage.

[–] malloc@lemmy.world -2 points 1 year ago (1 children)

During the shitcoin hype, bought $100 chunks of various projects. Only 1 coin 🚀 to the moon for a nice $20K profit (it crashed 2-3 weeks after selling). If it had shed another 0, would have had a nice chunk of money.

load more comments (1 replies)
[–] thecam@lemmy.world -3 points 1 year ago* (last edited 1 year ago) (8 children)

Dot com boom in the 90s, NFT boom in the 20s.

load more comments (8 replies)
[–] Syrc@lemmy.world -3 points 1 year ago* (last edited 1 year ago) (7 children)

Why does everyone need to point out how “they were always worthless”? It’s a collector’s “item”, it only has value if someone wants to buy it, nothing new.

The only difference is that this one’s value if the market completely crashes is absolute zero, but does that change much if regular collectible items are physical and can be sold for 1 cent instead?

I never bought NFTs and never will, but as a collector this pisses me off because it’s the same as those people who mock card collections because “it’s just cardboard”. You’re completely missing the point.

load more comments (7 replies)
[–] MrBusinessMan@lemm.ee -5 points 1 year ago

That was only the first wave of NFTs, it's normal for this to happen with any technology. The oldest first generation of televisions and radios also became worthless as newer better ones came out. The next generation of NFTs is going to be more impressive and earn even more profits for their creators, mark my words. If anybody wants to get in on the ground floor of NGNFT (next gen NFT) drop me a line and I can help you make 1000x your initial investment.

load more comments
view more: ‹ prev next ›