this post was submitted on 24 Sep 2023
93 points (100.0% liked)

Technology

37443 readers
394 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
alyaza@beehaw.org
TheRtRevKaiser@beehaw.org
gyrfalcon@beehaw.org
rs5th@beehaw.org
Los@beehaw.org
coldredlight@beehaw.org
SemioticStandard@beehaw.org
TheRtRevKaiser@kbin.social
remington@beehaw.org
93
Dead NFTs: The Evolving Landscape of the NFT Market (dappgambl.com)
submitted 11 months ago by fer0n@lemm.ee to c/technology@beehaw.org
53 comments fedilink hide all child comments
 

TL;DR: The NFT market has drastically declined since its peak in 2021, with most NFT collections having no value. There's an oversupply of NFTs, leading to a buyer's market, and environmental concerns due to energy consumption. Top NFTs also struggle to maintain value, and the future of NFTs depends on utility and genuine value rather than speculation.

you are viewing a single comment's thread
view the rest of the comments
[–] Fizz@lemmy.nz 6 points 11 months ago (1 children)

The difference is that crypto is used to buy things. There's plenty of stuff I can only buy via crypto.

[–] yogo@lemm.ee 9 points 11 months ago (2 children)

Such as?

[–] Namstel@lemmy.one 23 points 11 months ago

NFTs! 😅

[–] Fizz@lemmy.nz 8 points 11 months ago (1 children)

Drugs and private services.

[–] yogo@lemm.ee 3 points 11 months ago (1 children)

You can pay for those in cash and prepaid credit cards

[–] Fizz@lemmy.nz 1 points 11 months ago

Prepaid cc have a know your customer policy most of the time and if I'm buying online they don't accept cash. Conceptually I like crypto and I'm happy to support it.