this post was submitted on 21 Sep 2023
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Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[โ€“] Fish@midwest.social 42 points 1 year ago (3 children)

95% seems a little low. I assume that it's closer to 99.9%.

[โ€“] vox@sopuli.xyz 12 points 1 year ago

๐Ÿ’ฏ

[โ€“] TooManyGames@sopuli.xyz 4 points 1 year ago

Even at the hype max there was already a lot of worthless NFTs, so it can easily be even less than 95%.