this post was submitted on 21 Sep 2023
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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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[โ€“] Syndic@feddit.de 9 points 1 year ago (1 children)

Sure, but some systems are way more stable since they are established and have the general trust of a lot of people. And others simply don't have that wide ranging trust and as such aren't stable.

[โ€“] misterundercoat@lemmy.world 4 points 1 year ago

That's why I trust money issued by a government. Because even if individual politicians are evil and useless, the money is still backed by bombs and bullets a huge amount of infrastructure and tangible assets.