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.

  • gaael
    link
    fedilink
    109 months ago

    Thanks for this educational post, TIL I learned something interesting (and sad/infuriating).

    • Pons_Aelius
      link
      fedilink
      99 months ago

      Cheers.

      I wasn’t joking when I wrote this:

      so many things currently wrong with the USA can be traced back to the Regan administration.

      • @Mr_Blott@feddit.uk
        link
        fedilink
        39 months ago

        What, like your education system is so bad you can’t even spell the names of your presidents? 😂

          • Pons_Aelius
            link
            fedilink
            29 months ago

            Nah, that was just a spelling mistake from a non-american, I have never heard of Donald Regan (and don’t know if that is a joke or not)

            • @tburkhol@beehaw.org
              link
              fedilink
              39 months ago

              No sweat, friend. I was just using the opportunity to extend the “It’s all Reagan’s fault” train. And Donald Regan was a real guy appointed by Ronald Reagan. They didn’t have the diversity of names we do now, so a lot of them repeated, rhymed, or required a middle initial to differentiate. Like all the George Bushes - GWB, GPB, GHWB…

        • Pons_Aelius
          link
          fedilink
          3
          edit-2
          9 months ago

          I am not american…

          It is possible to know the history of another country but get something wrong occasionally.

          Correcting spelling mistakes is the lowest rung of internet comments…