i just checked the data and this article is a f***ing lie. you don't have to think NFTs are the greatest coolest thing in the world or anything but don't lie

Not really a surprise when you learn that markets like LooksRare are made up of 95% wash trades. I doubt the % is that high on other markets but it’s still probably a significant % of “sales”

bloomberg.com/news/articles/2022-04-05/hottest-nft-marketplace-is-mostly-users-selling-to-themselves

S*** seemed like such a fad from the start. Like pogs or something lmao

Lmao RIP Bozos

I wonder how that kid who dropped out of school to make NFTs feels right now

Where

uhm nfts arent dead bru they probably still making lots of money if they are good

the FINAL bear trap has been initiated, act accordingly

There isn’t really any way to quantify how “good” an NFT is

anti-NFT memes won

brazy

i meant traders. you can make tons of money buying / selling nfts. But also there is a way to quantify at least the quality of the art if you wish to speak aobut that sir

Yeah its qualitative. If someone likes it they like it

this is not quality

niggas dropping racks on super nes graphics wll never not be hilarious to me

ETH bottom when

No one is paying the amount they do for NFT’s because they like it. It’s an investment that they want returns on

i didnt say that. also this isnt as big as it is because of its inherent quality its because of the status symbol of being an expensive blue trade NFT. But ppl here are arrogant towards nfts when there is a non scam aspect to it which isnt little.....

So there is no actually functional value behind an NFT other than whatever price you peg on it for trade.

When they dropping a new ponzi, i was late to nfts 😭😭😭

Cause in a market that small why would 16bit jpegs be worth thousands and thousands of dollars?

the market isnt small sir? Also thousands of dollars is nothing in crypto

there isnt a functions value for anything except the price you tag it with technically so. just like real life. You don't even have to sell it if you not wish to

I’m happy asf I never got on this but the next one.. I’m getting my cash and dashing!!!

It just said 10k active wallets per week? At its height 100k