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Dead NFTs: The Evolving Landscape of the NFT Market (dappgambl.com)

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

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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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[–] storksforlegs@beehaw.org 37 points 1 year ago* (last edited 1 year ago) (1 children)

At least with other speculative crashes like say beanie babies you were left with a cute toy.

[–] edm00se@beehaw.org 3 points 1 year ago

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.