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.

  • gaael@beehaw.org
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    1 year ago

    Thanks for this educational post, TIL I learned something interesting (and sad/infuriating).

    • Pons_Aelius@kbin.social
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      1 year ago

      Cheers.

      I wasn’t joking when I wrote this:

      so many things currently wrong with the USA can be traced back to the Regan administration.

      • Mr_Blott@feddit.uk
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        1 year ago

        What, like your education system is so bad you can’t even spell the names of your presidents? 😂

        • Pons_Aelius@kbin.social
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          1 year ago

          I am not american…

          It is possible to know the history of another country but get something wrong occasionally.

          Correcting spelling mistakes is the lowest rung of internet comments…

          • Pons_Aelius@kbin.social
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            1 year ago

            Nah, that was just a spelling mistake from a non-american, I have never heard of Donald Regan (and don’t know if that is a joke or not)

            • tburkhol@beehaw.org
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              1 year ago

              No sweat, friend. I was just using the opportunity to extend the “It’s all Reagan’s fault” train. And Donald Regan was a real guy appointed by Ronald Reagan. They didn’t have the diversity of names we do now, so a lot of them repeated, rhymed, or required a middle initial to differentiate. Like all the George Bushes - GWB, GPB, GHWB…