The vast majority of NFTs are worthless now
“MacContract on Ethereum has a floor price of $13,234,204.2, but its all-time sales is only $18,” the report said, adding: “This stark discrepancy between listed floor prices and actual sales data exposes a significant issue in the NFT market – inflated valuations that don’t reflect genuine buyer interest or real-world transactions.
“It becomes clear that a significant portion of the NFT market is characterized by speculative and hopeful pricing strategies that are far removed from the actual trading history of these assets,” it said.
And this is a report from a crypto website with a vested interest in pretending crypto has uses.
AA5B@lemmy.world 9 months ago
I think of it like timeshare values. They’re really high …. Until you try to find someone who will actually buy it
mhague@lemmy.world 9 months ago
The person talking out of their ass is voted up.
The person bringing up facts is voted down.
The person posting dismissive nonsense is voted up.
Gross.
AbidanYre@lemmy.world 9 months ago
The only person providing any sources here would put that $5.5b market cap (if it’s accurate) at 1/4 of what it was two years ago.
That’s one hell of a crash and burn.
Honytawk@lemmy.zip 9 months ago
What is a supposed fact without a source?
I too can make up facts like that.