back
5 comments
It we assume that $6,800 reflects a more accurate post-hype valuation of that NFT and extrapolate that to other NFTs (which admittedly is perhaps not valid), people who spent thousands of dollars on NFTs, tied to real notable things or people, can expect single digit dollar valuations of their NFTs, which doesn't seem entirely unreasonable valuation for what are essentially baseball cards. If you spent hundreds your might get cents, and probably the vast majority of those sold over the last 6 months are probably not worth the transaction fees to move them so essentially have negative value. Are NFTs dead? Maybe, maybe not. Is the bubble popping? Seems like it.
what's to prevent digital cloning of the NFT's referred-to content?

i like the baseball card analogy; presumably back in the day a sophisticated print shop could copy baseball cards as well, come to think of it.

As a kid near Chicago, i never cared about the cards, just the bubblegum.

0$ is the value.
Negative after gas fees, in some cases.
Shocking.