All Those NFTs Are Officially Worthless

Following the explosion of fame that has seen the NFT phenomenon as a protagonist, it can be said that their story has not had a particularly lasting ending. This innovation in technology had, originally, frightened the majority of those working in digital art fields, worried that their work would be unfairly copied or, worse, stolen and then resold as NFTs.

When not dealing with creative fields, what was mentioned the most was the effect of these developments on the cryptocurrency economy, highlighting how influencers dedicated to popularizing cryptocurrencies sprung up in order to attract more and more users.

Now, in October 2023, it is official: almost all of the NFTs in circulation have completely lost their value. It was inevitable that this factor would decline as the phenomenon attracted less and less interest, but few expected such an end.