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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 11 months 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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[-] dangblingus@lemmy.dbzer0.com 9 points 11 months ago

99 times out of 100, it was the seller selling it to himself to artificially inflate transaction numbers and nudge the price up.

[-] dustyData@lemmy.world 7 points 11 months ago

Yeah, but that's the thing with scams. They make thousands of attempts, but they only need that one sucker.

this post was submitted on 21 Sep 2023

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