this post was submitted on 21 Sep 2023
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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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[–] Krauerking@lemy.lol 10 points 1 year ago

Remember? Fuck no.

It was what for like 5 minutes during a year with a million other more important things going on to pay attention to that thing that kids with only somewhat rich parents used to try and scam their way to being as rich as the kids with really rich parents.

[–] TheRedSpade@lemmy.world 9 points 1 year ago

Now? Probably?

[–] M0oP0o@mander.xyz 9 points 1 year ago

You wouldn't right click a car would you.......

[–] Tikiporch@lemmy.world 9 points 1 year ago (1 children)
[–] kureta@lemmy.ml 8 points 1 year ago

It's a free market. Anyone can come up and say that they are willing to pay millions for an indifferent_insect_boat_club.jpeg at any moment.

[–] TomMasz@lemmy.world 9 points 1 year ago (1 children)

Anyone with the ability to read who bought one deserves what happened to them. The sellers are probably still laughing.

[–] dangblingus@lemmy.dbzer0.com 7 points 1 year ago

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

[–] MrPloppy@lemmy.world 9 points 1 year ago (1 children)

A load of rich stupid people got fucked over. Beautiful.

[–] merc@sh.itjust.works 7 points 1 year ago (4 children)
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[–] ipha@lemm.ee 9 points 1 year ago (1 children)

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

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[–] root_beer@midwest.social 8 points 1 year ago (1 children)

Tell me you don’t know anything about the blockchain without telling me you don’t know anything about the blockchain

…is what Techbro Legion (for they are Many) would say if they didn’t have to put all their stuff in hock to recoup their losses

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[–] Grayox@lemmy.ml 8 points 1 year ago

pushes glasses up I believe what you meant to say is that its a buyer's market. /s

[–] notannpc@lemmy.world 8 points 1 year ago

Oh no….anyway.

[–] ICastFist@programming.dev 7 points 1 year ago

Clever assholes convinced fools that they had "the next big thing". The "smarter fools" realized the problem and offloaded their losses onto greater fools, a considerable portion of which are now wondering how to catch an even greater fool than themselves.

[–] CileTheSane@lemmy.ca 7 points 1 year ago

👨‍🚀🔫👨‍🚀

[–] boatsnhos931@lemmy.world 7 points 1 year ago

GOT EM! They were all confused and excited that it might be the next Bitcoin..All I need is one good con like this and I can get off this fucking hamster wheel!!

[–] Borkingheck@lemmy.world 5 points 1 year ago (1 children)

What happened to the influencer guy. He started out selling alcohol or something and then had random videos where he bamboozes someone doing a house clearance and got excited for making 36 dollars off a box of toys, then went on to shill the ever fuck of fungible tokens, it's the future.

Gary z? Gary V?

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