this post was submitted on 21 Sep 2023
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855
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 [email protected] to c/[email protected]
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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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[–] [email protected] 4 points 1 year ago

Yes it is. It's backed by the US's economic power on the world stage. That's how economies function.

Crypto can be created or of thin air by literally any tech bro with a GPU. By definition that is literally worthless