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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 1 year ago by L4s@lemmy.world 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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[-] nbafantest@lemmy.world 16 points 1 year ago

Actually you're still a bit overestimating it.

Most NFT's are literally just hyperlinks, where the hyperlink could suffer link rot and stop working OR the image on the other side of the hyperlink could be changed.

[-] uid0gid0@lemmy.world 4 points 1 year ago

And as LegalEagle had pointed out "You can't own that"

this post was submitted on 21 Sep 2023

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