this post was submitted on 21 Sep 2023
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Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

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[–] thecam@lemmy.world -3 points 1 year ago* (last edited 1 year ago) (8 children)

Dot com boom in the 90s, NFT boom in the 20s.

[–] glorious_albus@lemmy.world 10 points 1 year ago (6 children)

Dot com wasn't worthless or useless

[–] thecam@lemmy.world -4 points 1 year ago (4 children)

Not many people had their own website in the late 90s, same as today. Domain names are useful to some just like how some see NTFs are being useful.

Yeah people visit websites more than looking at NFTs. However some will prefer NFTs over physical collectiables. Just a preference.

[–] NorwegianBlues@sh.itjust.works 1 points 1 year ago (1 children)

Not many people had their own website in the late 90s

Your post is pretty nonsensical anyway, but if anything more people had their own websites as a proportion of the web, with Geocities and Angelfire etc. This was before social media, so to have a presence on the web you had to have your own site, and people did.

[–] Moobythegoldensock@lemm.ee 2 points 1 year ago

You’re both correct. In the late 90s it was common to have your own webpage as a subdomain on someone else’s site, but not super common to have your own domain.

Facebook and Instagram are still basically web pages on someone else’s domain.

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