Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.

archive.is/E75kA

Remove "95% of", "now", and "probably".

My personal theory is that the NFT bubble was quantitative easing where hot Corona Chan bucks flooded the economy looking for somewhere do go, and ending up in an annoying place and making everything smell terrible the way water floods always do.

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Pyramid schemes and money laundering were always around. Especially tax evasion schemes involving "art".