Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

  • yata@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    37
    ·
    edit-2
    1 year ago

    With NFTs there aren’t even any art. The NFT is a receipt for the art, not the art itself. You didn’t buy the copyright for the actual art with an NFT, you bought a link to a specific copy of the art.

    • MotoAsh@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      I mean, there are ways to tie them together, though the point still stands that NFTs add nothing to art. Copyright works fine without an overly complicated digital receipt.