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.

  • @UsernameIsTooLonEnglish
    -3•1 year 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•1 year 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•1 year 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.