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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[–] TomMasz@lemmy.world 11 points 1 year ago (1 children)

Anyone with the ability to read who bought one deserves what happened to them. The sellers are probably still laughing.

[–] dangblingus@lemmy.dbzer0.com 9 points 1 year ago (1 children)

99 times out of 100, it was the seller selling it to himself to artificially inflate transaction numbers and nudge the price up.

[–] dustyData@lemmy.world 7 points 1 year ago

Yeah, but that's the thing with scams. They make thousands of attempts, but they only need that one sucker.