91
submitted 1 year ago by fer0n@lemm.ee to c/technology@beehaw.org

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.

you are viewing a single comment's thread
view the rest of the comments
[-] Mr_Blott@feddit.uk 37 points 1 year ago

I can assure you if you were watching a programme that was hyping nfts, you weren't watching "news"

WTF is up with your media over there?!?

[-] nilloc@discuss.tchncs.de 6 points 1 year ago

You mean the guy who owns of hundreds of local, national, and international publishing outlets around the world, including in the UK (The Sun and The Times), in Australia (The Daily Telegraph, Herald Sun, and The Australian), in the US (The Wall Street Journal and the New York Post), book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News (through the Fox Corporation). He was also the owner of Sky (until 2018), 21st Century Fox (until 2019), and the now-defunct News of the World?

We shouldn’t of let him in, but we didn’t create him.

[-] Mr_Blott@feddit.uk 4 points 1 year ago

We shouldn't have, never of

this post was submitted on 24 Sep 2023
91 points (100.0% liked)

Technology

37702 readers
615 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS