Lee DunaSep 23, 2023

The vast majority of NFTs are now worthless, new report shows

https://lemmy.nz/post/1891933

The vast majority of NFTs are now worthless, new report shows - Lemmy NZ

Show threadLettuce eat lettuce
Gee, if only there was some way to have seen this coming before hand…
Sep 23, 2023 at 5:03pmWeb
Show threadFlashMobOfOneSep 23, 2023

Yup.

Could have put the money in stock instead and they’d likely have made a profit since then.

Show threadLettuce eat lettuceSep 23, 2023
Hell, they could have stuffed it into their mattress and it would have been a better investment lol.
Show threadGormadtSep 23, 2023

Inflation can’t even loose this much money is such a short time

The first tweet nft sold for $2.9mil and is not “worth” less than $4.

Like it was worth anything at all in the beginning anyways

NFT of Jack Dorsey's first tweet, originally purchased for $2.9 million, now worth less than $4

Jack Dorsey had put the tweet up for digital auction as an NFT, a digital good that lives on the Ethereum blockchain, on March 5, 2021. The tweet was first posted by Dorsey on March 21, 2006

CNBCTV18
Show threadnothackingSep 23, 2023
Might a a good idea to buy it, I’m sure it will sell for 10$ with some haggling.
Show threadooi_vebnqSep 23, 2023
Beautiful edit.
Show threadCoreidanSep 24, 2023
  • lose
Show threadkubicaSep 23, 2023
Actually I didn't have many hopes in humanity when it started to happen. It's a bit comforting, not much though with other things around.