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€“] Honytawk@lemmy.zip 9 points 1 year ago (1 children)

Well, NTF is based upon the Greater Fool Theory.

So if those with invested interests are unable to find a bigger fool to sell them to, those NFT become worthless.

You got downvoted because you were interfering with money from the NFT investors.