this post was submitted on 11 Mar 2026
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From millions of dollars to under a grand: The dramatic fall of the NFT (english.elpais.com)
submitted 1 day ago by NomNom@feddit.uk to c/technology@lemmy.world
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[–] ZombieCyborgFromOuterSpace@piefed.ca 9 points 1 day ago (1 children)

In hindsight, the monkey NFT thing was a "good" idea but poorly implemented. It was an attempt to create a digital version of beanie babies or baseball cards.

I mean "good" if you consider beanie babies and baseball card collecting and the value speculation a good thing. (I don't.)

[–] Tiresia@slrpnk.net 10 points 1 day ago (1 children)

It was very well implemented. The people that invented, designed, and minted them made billions of dollars from a bunch of gullible idiots using very little work, and they got away with it too.