- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
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.
Can’t speak for nfts, but mainstream morning news shows absolutely shilled for the metaverse. It was embarrassing. Cringe, even.
https://www.today.com/video/what-is-the-metaverse-get-a-look-at-the-internet-s-next-big-frontier-145223237790
They shilled for NFT’s too.
I couldn’t get over how silly it sounded to spend actual money for what amounted to a screenshot.