853

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

298 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[-] ipha@lemm.ee 9 points 1 year ago

It was just another form of money laundering though 'art'.

[-] techgearwhips@lemmy.world 3 points 1 year ago

That's exactly what it was. If I wanted to wash money, the easiest way to do it would be to create some bullshit digital pic and then buy it myself from an alt dummy account.

this post was submitted on 21 Sep 2023

853 points (96.3% liked)

Technology

59757 readers

2808 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS