this post was submitted on 21 Sep 2023
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Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[โ€“] Honytawk@lemmy.zip -1 points 1 year ago (1 children)

Block chains can also be edited, deleted, corrupted.

They aren't as secure as tech bros claim. Nothing possibly can be.

Blockchains already have been hacked multiple times.

This is the Web3 you are simping for: https://web3isgoinggreat.com/

[โ€“] peopleproblems@lemmy.world 1 points 1 year ago

No, they can't. The article you point to mentioned stolen crypto. Crypto can be stolen if someone has the private keys to a wallet.

A block chain is algorithmically verified by members of the network.