Technology

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The vast majority of NFTs are now worthless, new report shows (www.theguardian.com)

submitted 1 year ago by throws_lemy@lemmy.nz to c/technology@lemmy.ml

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[–] hemko@lemmy.dbzer0.com 5 points 1 year ago* (last edited 1 year ago) (1 children)

Hundreds of millions collectively, when people were dumb enough to buy them. The problem is that eventually dumb people ran out of money and the worth plummeted to zero.

[–] Sterile_Technique@lemmy.world 4 points 1 year ago (1 children)

Cost vs worth. Their pricetag may vary; but they've been worth nothing since their inception.

[–] hemko@lemmy.dbzer0.com 1 points 1 year ago* (last edited 1 year ago) (1 children)

Elon musk is worth 250B (source Forbes, idk how legit)

[–] Sterile_Technique@lemmy.world 1 points 1 year ago

He's like a piggy bank - gotta break it open to make a withdrawal.