NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

  • merc@sh.itjust.worksEnglish
    2·
    9 months ago

    The u.s. dollar is literally not backed by any physical asset

    It doesn’t need to be, it’s backed by the need to pay taxes in USD.