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Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: jonny
Date: September 21, 2023 04:22PM
Having analysed 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin.

Rolling Stone reported, in practical terms, that meant 95 percent of NFTs wouldn’t fetch a single penny today. Amid a frenzied market in 2021, the assets were worth $17 billion.

[www.joe.co.uk]
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: gadje
Date: September 21, 2023 04:27PM
OK, for $0 I will buy all of them.
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: TheTominator
Date: September 21, 2023 04:28PM
I'm safe.
All my NFTs are images of Beanie Babies.
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: Acer
Date: September 21, 2023 04:30PM
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: Will Collier
Date: September 21, 2023 04:36PM
I’m shocked, shocked.
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: Steve G.
Date: September 21, 2023 05:41PM
Get in the market NOW!

Did Trump launch an NFT?
Each NFT will retail for 'only $99! ' The 45th US President, Donald Trump, announced today via his social media platform Truth Social that he was launching a new NFT Trading card collection.
Donald Trump NFTs Surge After Tucker Carlson Interview.

Trump released the collection of 45,000 fantasy cards last December for $99 apiece, featuring images of him in a style similar to collectible baseball cards. The collection has over 13,000 unique holders as of Thursday.
[www.coindesk.com]


[www.cbsnews.com]
MoneyWatch
Melania Trump launches third NFT collection commemorating Trump presidency

The "POTUS TRUMP NFT Collection" goes up for sale on February 21 — Presidents Day — she announced on Twitter Thursday. It will commemorate events like Christmas at the White House and the Trumps' visit to Mount Rushmore, according to the announcement.

But bidders won't know exactly what they're purchasing until they've bought it.

"Collectors will enjoy an element of surprise, as the artwork of each collection is revealed only after purchase," the announcement said. "Of course, collectors can make multiple purchases to own the entire POTUS TRUMP collection."
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: Rolando
Date: September 21, 2023 07:51PM
Quote
gadje
OK, for $0 I will buy all of them.

I outbid you!




San Antonio, TX (in the old city)


"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." - Eli Weisel

"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." - Theodore Roosevelt (1918)

"I don’t want to see religious bigotry in any form. It would disturb me if there was a wedding between the religious fundamentalists and the political right. The hard right has no interest in religion except to manipulate it." - Billy Graham 1981

"Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise" - Barry Goldwater
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: AllGold
Date: September 21, 2023 09:32PM
NFTs were always worthless to me.
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: sekker
Date: September 21, 2023 10:05PM
Worse than tulip-mania. In that bubble, you at least owned a flower you could hold!
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: freeradical
Date: September 21, 2023 10:06PM
Fortune favors the brave.
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: JPK
Date: September 21, 2023 10:13PM
Shocking! Who would have thought?

JPK
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: gabester
Date: September 22, 2023 07:16AM
And in the meanwhile, the rest of have lost in terms of the carbon output caused by generating and transacting all these NFTs. The best possible thing that can happen now would be for them to just be forgotten.



g=
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Re: Nearly all NFTs are now literally worthless after their valuation plummeted to $0
Posted by: sekker
Date: September 22, 2023 02:27PM
Quote
gabester
And in the meanwhile, the rest of have lost in terms of the carbon output caused by generating and transacting all these NFTs. The best possible thing that can happen now would be for them to just be forgotten.

Yes. At one point, the global impact of cryptomining was 25% of ALL electricity use. Just think of the waste.
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