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.

  • RawrGuthlafEnglish
    41•9 months ago

    I’m sure they were a great way to launder money at the time.

    • @UsernameIsTooLonEnglish
      -3•9 months ago

      That’s why it’s at the time. I made a quick $600 and never looked back cuz I knew it was unstable, but I wasn’t ignorant to the idea like many people who just wanted to bandwagon hate.

      • @[email protected]English
        4•9 months ago

        Ignorant to the idea? The idea was basically a spreadsheet with links to PNGs and “”““owner””“” of that PNG. Blockchain only means nobody owns the sheet itself, but that doesn’t make it any less ridiculous.

        • @UsernameIsTooLonEnglish
          1•9 months ago

          And money still went up for a quick amount of time. I knew what I was getting into, but I also knew it was a quick cash grab. A lot of people online just wanted to hate crypto to hate crypto. My friend has been spreading news about Bitcoin since 2011 and he had a hard drive that sold for $10k at one of its peaks. Quick cash grab and never look back.