Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $25,797
31%  
Woo hoo!! And we're now over 31%!! Thank you all very much!! God bless.

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  • Your NFTs Are Actually — Finally — Totally Worthless

    09/21/2023 8:32:11 AM PDT · by catnipman · 41 replies
    rolling stone ^ | 9/20/2023 | MILES KLEE
    New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuation NFTs, or non-fungible tokens, once vaunted as a revolution in crypto and digital art, are largely worthless. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH) The study estimates that some 23 million investors own these tokens of no practical use or value. What’s more, supply vastly outstripped demand for NFTs. Just 21 percent of the collections included in the study can claim full ownership, meaning around four out of every five...