this post was submitted on 10 Jan 2024
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Technology
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This had to be the most short-lived tech trend I've ever seen in my 41 years. Tamagotchi lasted longer in its heyday.
And yet crypto is back up again for some dumb reason. Are we sure NFTs are truly dead or are we going to see that grift in a new form soon? One can only hope it's the former.
Keep in mind that buying photos isn't the only application of NFTs. People stopped buying valueless photos, but other implementations of NFTs kept on being used.
Right… the technology conceivably has value as a way to digitally trade ownership and track authenticity. It just happens that it was used for a bunch of truly worthless algorithmically generated art that people got suckered into by hype.