TL;DR: The NFT market has drastically declined since its peak in 2021, with most NFT collections having no value. There’s an oversupply of NFTs, leading to a buyer’s market, and environmental concerns due to energy consumption. Top NFTs also struggle to maintain value, and the future of NFTs depends on utility and genuine value rather than speculation.

  • Pons_Aelius@kbin.social
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    1 year ago

    Has an NFT as proof of ownership ever actually been tested in a court of law?

    Until it does, the claims the NFT shills make mean zero.

    • jarfil@beehaw.org
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      1 year ago

      I don’t think you understand: a DRM-locked digital content doesn’t need, or care about, “a court of law” to work or not with a given key.

      Instead of listening to the shills of GIF NFTs, centralized app/media shops, or centralized governments, try to think about what the technology actually means.