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.
But someone recently said he revived the NFT market single-handedly, with people making a bigly 1000% return!
At least with other speculative crashes like say beanie babies you were left with a cute toy.
No kidding. Hey I’ve got a great idea for a new marketplace, BeaNFT. You can waste your money but get an upcycled Beanie Baby in the process.
It was tulips all along, but stupider.
Your day is coming soon, cryptocurrency.
The difference is that crypto is used to buy things. There’s plenty of stuff I can only buy via crypto.
Such as?
NFTs! 😅
Drugs and private services.
You can pay for those in cash and prepaid credit cards
