this post was submitted on 21 Sep 2023
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TL;DR: A recent report reveals that the NFT market has collapsed, with 95% of NFTs being practically worthless. The hype around NFTs peaked in 2021, but since then, interest has waned, leaving many artists and investors in a tough spot. While not all NFTs are scams, the majority have lost their value, and the environmental impact of crypto remains a concern.