The way I read the article, the “worth millions” is the sum of the ransom demand.
The funny part is that the exploit is in the “smart” contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.
The way I read the article, the “worth millions” is the sum of the ransom demand.
The funny part is that the exploit is in the “smart” contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.
Im sure you dont keep up, but NFT market cap still pretty big rn at 5.5bn
I think of it like timeshare values. They’re really high …. Until you try to find someone who will actually buy it
The person talking out of their ass is voted up.
The person bringing up facts is voted down.
The person posting dismissive nonsense is voted up.
Gross.
The only person providing any sources here would put that $5.5b market cap (if it’s accurate) at 1/4 of what it was two years ago.
That’s one hell of a crash and burn.
What is a supposed fact without a source?
I too can make up facts like that.
The vast majority of NFTs are worthless now
And this is a report from a crypto website with a vested interest in pretending crypto has uses.
It’s like people who think their Beanie babies are still priceless.
Its hard to be definitive, especially from one data point, but theres no doubt that lots of NFTs are just copycats trying to ride the coattails of other succesful projects, and end up flooding the market with garbage.
But that doesnt mean all projects are garbage, nor that the tech is bad or unutilized.
I had a feeling id get flamed by even mentioning NFTs, so im not surprised a the downvotes or derision. Anyways, have a good one 😃
Nah, that is what the NFT owners want the greater fools to believe it is worth.