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.

  • @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.