851
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
(markets.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Sep 2023
851 points (96.3% liked)
Technology
59174 readers
1654 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
As far as I know, the "MTG" or "Baseball/Hockey" cards of NFT backed images continues to be bored apes and crypto punks. The consistently stay at the top by volume and make up very large portions of trade volume each month.
I couldn't tell you what the "Black Lotus" is of those collections as I don't actually care that much about Image NFT trading, I know of it but Im not like, integrated with the community. Im sure there are a handful of items that are prized though.
Overall, this study and article imo just confirms Sturgeon's revelation and thats about it.
It's about as useful as saying that 90% of websites on the internet continue to be crap, or that 90% of youtube channels aren't popular.
Doesn't matter because the top 1% are all people really care about anyways, and the nuggets of value naturally float to the top through market selection.