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.

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.

  • @deadlyduplicateEnglish
    -7•8 months ago

    Except it’s not ownership, it is digital rights management. Right now DRM is handled by private corporations, not the state, and it generally is anti-consumer. NFTs could be used for DRM in a more pro consumer way.

    • @magnusrufusEnglish
      4•8 months ago

      That all hinges on a pretty big “could”.

      • @deadlyduplicateEnglish
        1•8 months ago

        Absolutely, companies are not going to just decide to implement NFTs in a way that gives more control to users unless it means more money for them. Does change the fact that the technology has that potential, even if it remain unutilized.

    • @[email protected]English
      2•8 months ago

      NFTs could be used for DRM in a more pro consumer way.

      Only if the companies in charge would allow that. And they really have zero incentive to do so. The way it currently is, is way more profitable for them.