DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Ah, NFTs.
Remember when they were the talk of the town?
The digital Mona Lisas of our time, fetching millions in auctions.
Justin Bieber paid $1.3M for his monkey.
The dude who paid $2.9M for Jack Dorsey’s first tweet.
Snoop Dogg paid $7M for his XCOPY NFT.
Even Gary Vee paid $4M for his CryptoPunk #2140.
Fast forward to 2023, and the NFT market is more like a digital graveyard.
And it is still bloody and grievous.
According to a recent study, a staggering 95% of NFTs are now worth a big fat zero.
“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology.
That’s right, 23 million people are holding onto digital assets that are as valuable as a pet rock.
So, what happened?
Why did the NFT market go from boom to bust?
And so, so quickly?
The numbers are grim.
A whopping 79% of all NFT collections are gathering digital dust, unsold and unloved.
Even the celebrities aren’t immune.
They are all feeling the pinch.
But they are celebrities, so don’t cry for them just yet.
Weep for the students who spent their entire summer break working just to splurge on an NFT.
Weep for the normies who got “lured” in by their crypto degenerate friends.
The decline also signifies a deep waning interest.
Less than 1% of NFTs are going for over $6,000, a far cry from the millions they commanded in 2021.
So, are people losing interest?
100%
The hype has died down, and the reality has set in.
Most NFTs are, let’s face it, not worth that much.
Will the NFT market see a resurgence when the crypto market rises again?
It’s a possibility.
Technology is ever-evolving, and new use cases for NFTs are bound to emerge.
The tech is solid; it’s the application that needs rethinking.
So, what should you do if you’re stuck with worthless NFTs?
First, don’t panic.
Second, consider holding onto them.
Who knows?
They might become valuable again, especially if new use cases emerge.
After all, one man’s trash is another man’s treasure.
Maybe 20 years into the future, there’s a way to bunch ALL of the worthless NFTs into one giant NFT and then it be worth something for the people living in the future?
The future of NFTs is uncertain, but it’s too early to write them off.
Everyday, new applications and use cases are on the horizon.
And let’s not forget, technology has a way of reinventing itself.
So, before you go off and delete your digital wallet, remember this: tech is tech, and it’s always improving.
Giving up now would be like throwing the baby out with the bathwater.
While the NFT market is currently in a slump, dismissing it entirely would be premature.
The technology has potential; it’s the application that needs work.
And who knows, your worthless NFT could be a goldmine in the future.
Its a big fat maybe, but its better than nothing.
So, are you ready to get rid of your NFTs, or will you hold on for the next wave?
-
Do you still own any NFTs?
-
#NFTs #Crypto #DigitalAssets #MarketSlump #TechEvolution #HoldorSell #FutureofNFTs #CryptoResurgence #DigitalArt #WorthlessOrPriceless #boredapes #future
Ah, NFTs.
Remember when they were the talk of the town?
The digital Mona Lisas of our time, fetching millions in auctions.
Justin Bieber paid $1.3M for his monkey.
The dude who paid $2.9M for Jack Dorsey’s first tweet.
Snoop Dogg paid $7M for his XCOPY NFT.
Even Gary Vee paid $4M for his CryptoPunk #2140.
Fast forward to 2023, and the NFT market is more like a digital graveyard.
And it is still bloody and grievous.
According to a recent study, a staggering 95% of NFTs are now worth a big fat zero.
“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology.
That’s right, 23 million people are holding onto digital assets that are as valuable as a pet rock.
So, what happened?
Why did the NFT market go from boom to bust?
And so, so quickly?
The numbers are grim.
A whopping 79% of all NFT collections are gathering digital dust, unsold and unloved.
Even the celebrities aren’t immune.
They are all feeling the pinch.
But they are celebrities, so don’t cry for them just yet.
Weep for the students who spent their entire summer break working just to splurge on an NFT.
Weep for the normies who got “lured” in by their crypto degenerate friends.
The decline also signifies a deep waning interest.
Less than 1% of NFTs are going for over $6,000, a far cry from the millions they commanded in 2021.
So, are people losing interest?
100%
The hype has died down, and the reality has set in.
Most NFTs are, let’s face it, not worth that much.
Will the NFT market see a resurgence when the crypto market rises again?
It’s a possibility.
Technology is ever-evolving, and new use cases for NFTs are bound to emerge.
The tech is solid; it’s the application that needs rethinking.
So, what should you do if you’re stuck with worthless NFTs?
First, don’t panic.
Second, consider holding onto them.
Who knows?
They might become valuable again, especially if new use cases emerge.
After all, one man’s trash is another man’s treasure.
Maybe 20 years into the future, there’s a way to bunch ALL of the worthless NFTs into one giant NFT and then it be worth something for the people living in the future?
The future of NFTs is uncertain, but it’s too early to write them off.
Everyday, new applications and use cases are on the horizon.
And let’s not forget, technology has a way of reinventing itself.
So, before you go off and delete your digital wallet, remember this: tech is tech, and it’s always improving.
Giving up now would be like throwing the baby out with the bathwater.
While the NFT market is currently in a slump, dismissing it entirely would be premature.
The technology has potential; it’s the application that needs work.
And who knows, your worthless NFT could be a goldmine in the future.
Its a big fat maybe, but its better than nothing.
So, are you ready to get rid of your NFTs, or will you hold on for the next wave?
-
Do you still own any NFTs?
-
#NFTs #Crypto #DigitalAssets #MarketSlump #TechEvolution #HoldorSell #FutureofNFTs #CryptoResurgence #DigitalArt #WorthlessOrPriceless #boredapes #future
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