Recall when NFTs sold for millions of dollars? 95% of the digital collectibles may now be worthless.

[Yavin4]

Most NFTs may now be worthless, less than two years after a bull run in the digital collectibles.

A study examining more than 73,000 NFT collections found that 95% had a market cap of 0 ETH.

Out of the top collections, the most common price for an NFT is now $5-$100.

Are NFTs dead?

A recent study looking at the price of thousands of collections seems to suggest the answer is "yes."

A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether.

By their estimates, almost 23 million people hold these worthless assets.

https://finance.yahoo.com/news/remember-nfts-sold-millions-dollars-215646661.html

No better proof that the Fed's money tightening policies are working.

[OAITW r.2.0]

1. How stupid would you have to be to invest in this scam?

[MichMan]

2. No different than people investing in Beanie Babies

[TreasonousBastard]

5. Or tulip bulbs. Our belief in magical money almost defines us.

[Hekate]

12. With tulip bulbs, you have a garden. With NFT, not even compost.

[Happy Hoosier]

6. Not really...

Beanie Bandies are actual things. And you can‘t make a new one by just digitally duping a file… or taking a screen shot.

[Hekate]

11. At the end of the Beanie Baby fad, you have cute stuffed toys for the grandkids

At the end of the NFT fad, you got nuttin

[Girard442]

3. Seems that the supply of Greater Fools is not unlimited. Who knew?

[Buns_of_Fire]

4. They could have protected their investment by purchasing

a Genuine Authentic Certificate of Authenticity (only $39.95 plus $10 S&H) from me that genuinely and authentically certifies that they are the proud owner of 100% of nothing. (Order now, supplies are limited.)

[honest.abe]

7. This is a bit misleading. Any idiot can mint an NFT so its no surprise most are worthless.

The high priced NFTs like the goofy monkeys collection are still retaining their value somewhat.

https://opensea.io/collection/boredapeyachtclub

Just to be clear I think the whole concept of NFTs is absurd but this article is misleading and click bait.

[MineralMan]

8. What a surprise, eh?

I mean, who would have thought that worthless stuff is worthless?

[Baitball Blogger]

9. I always thought it was a way to launder money.

[Yavin4]

10. +100000

Same with crypto currency. Hide transactions from authorities.