this post was submitted on 24 Sep 2023
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Technology

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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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[–] paper_clip@kbin.social 14 points 1 year ago (1 children)
[–] fer0n@lemm.ee 3 points 1 year ago

Haha nice one!