NFTs were supposed to be the next thing. They were gone quicker than a meme
undefined 6, 2026
NFTs, digital ownership certificates for art and media, soared in 2021 with multimillion-dollar sales and celebrity hype, but the market collapsed within a year. Trading volumes fell from $4 billion to $800 million, and 95% of NFTs are now worthless, with many failing to deliver actual rights or verifiable art. Fraud, dead links, and scams were rampant. Despite the crash, some firms and collectors continue to explore NFTs under institutional oversight, suggesting limited but lasting use beyond the hype.
Read full article
