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.

  • @Phrodo_00English
    9•1 year ago

    NFTs or blockchains are not needed for this. You could just implement selling or transfers in the content platform.

    I do think using contacts for escrow and having the sale being independent from the vendor are cool features, bit not at all essential ones.

    • @HeavybellEnglish
      1•1 year ago

      Okay but what happens when the platform goes away, or decides to change the rules? That`s the only part I could see NFTs actually potentially answering. If the ownership verification was all done client-side via a blockchain it could potentially survive the shutdown of the store you bought it from.

      Don’t get me wrong, I can see problems with this. And potentially this could also be done with simple public key cryptography.

      • @Phrodo_00English
        1•1 year ago

        Yes, but that’s a different, independent problem.