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submitted 1 year ago by fer0n@lemm.ee to c/technology@beehaw.org

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.

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[-] Veraticus@lib.lgbt 37 points 1 year ago

It was tulips all along, but stupider.

Your day is coming soon, cryptocurrency.

[-] Fizz@lemmy.nz 6 points 1 year ago

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

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

Technology

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