855
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
(markets.businessinsider.com)
Good.
this post was submitted on 21 Sep 2023
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Still waiting for that Seth Rogen TV show...
Hey at least we got that asshole Beeple.
now
Weird word usage.
During the shitcoin hype, bought $100 chunks of various projects. Only 1 coin 🚀 to the moon for a nice $20K profit (it crashed 2-3 weeks after selling). If it had shed another 0, would have had a nice chunk of money.
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(1 replies)
Why does everyone need to point out how “they were always worthless”? It’s a collector’s “item”, it only has value if someone wants to buy it, nothing new.
The only difference is that this one’s value if the market completely crashes is absolute zero, but does that change much if regular collectible items are physical and can be sold for 1 cent instead?
I never bought NFTs and never will, but as a collector this pisses me off because it’s the same as those people who mock card collections because “it’s just cardboard”. You’re completely missing the point.
If I buy a lot of baseball cards for 1 cent, at least they don't suffer from the oracle paradox.
NFT's were nakedly a solution in search of a problem that weren't even a very good solution to the problem they were purporting to solve. That's what pisses people off.
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(6 replies)
That was only the first wave of NFTs, it's normal for this to happen with any technology. The oldest first generation of televisions and radios also became worthless as newer better ones came out. The next generation of NFTs is going to be more impressive and earn even more profits for their creators, mark my words. If anybody wants to get in on the ground floor of NGNFT (next gen NFT) drop me a line and I can help you make 1000x your initial investment.