95% Of NFTs Are Now WORTHLESS

A few years ago, NFTs represented a multibillion-dollar industry. Today, the vast majority of NFT collections hold absolutely no value. In this video I explain the reasons behind the NFT market crash and also expose the underlying problems with the NFT technology.

Chapters:
00:00 Intro
01:18 Why were NFTs popular in the first place?
03:02 Did NFTs ever possess genuine value?
05:32 Why did the NFT market collapse?

[Codeolences]

Since this video has been getting some mixed feedback I would like to clarify some things. Every claim that I make about NFTs is backed by an article or a statistic, I'm not making anything up. With that being said, this is still only *my opinion about NFTs* that I reached after doing my research. Here are the sources I used to write the script for this video:

[GrIncarnate]

95% of NFTs are now worthless? How is it not 99.99%?

[sbowesuk]

Hard to believe anyone believed they had something of value in the first place, when they didn't own the actual image or even the rights to the image, just a mere link. One of the most obvious scams of all time.

[hermanpesina]

I just chalked it up to the covid era when everyone was just trying to make quick cash any way possible.

[tgo]

The jpeg stuff was always dumb to me but the royalty/verification aspect was intriguing to me. I also thought IG or twitter was gonna implement an nft feature which would have made it more popular as people like showing off things in general.

[GetAnAndroid]

Quality video! Keep up the great work!

[conchureify]

I was under the impression beeple sold that at nearly the height of the NFT craze, not that it prompted the craze

[trimmim]

wow this video is so well made and high quality! why is this not viral? you deserve way more attention with this incredible style

[lucjudson.]

Thank you for the video. Very insightful!!🙏

[joel]

Great job. Would love your thought - and if possible a video on why Cryptocurrency is different than NFTs and why Bitcoin value seems to resilient

[willjohnson]

Once people like Gary Vee and other entrepreneurs started clamming up and giving weird answers about what NFT's were and what they are good for, I knew it was just a matter of time. And looking back, there was no point.

[garethmartin]

The entire crypto thing is a scam. NFT's just did a speedrun of crypto's destiny.

[Sadboy]

Spent hours digging into the CYBEROPOLIS whitepaper, and wow, I'm blown away. The idea, roadmap – meticulously detailed. I'm usually wary of presales, but after this, I threw a big bag into it. This project's got serious potential!

[Anne-bf]

Appreciate the detailed breakdown! Just a quick off-topic question: I'm using a SafePal wallet with USDT and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?

[tomboyjessie]

"95% of NFTs are now worthless"
You promise?

[ramoddjob]

And Zuckerberg is gonna see real estate in the meta verse.

[UmeshYadav-bcdj]

Hey, does anyone know when the Cyberopolis NFT collection is dropping? Just got in on the presale and I'm definitely snagging a couple of those sick NFTs when they're available!

[allinone]

Really well made video, was this made with after effects? I would love to know, thanks.

[unenunciate]

The gas fees come from the blockchain itself and were always a majority of the fee issue. Royalties fees are not a negative and third party exchange protocols add value with their marketplaces, are optional, and have even lowered fees to be competitive now there are more options. There are solutions to the link to the rot issue and legal issues are the governments domain of laws that can be updated. Even your statistics are not impressive, 90% of restraints fail in the first year and something like 99% with in five. This same rate of attrition can be applied to other industries too.

[DaisyJane-sgpq]

STYLE protocol has a true gaming interoperability for assets a NFTs of different kinds and also a full decentralized future for gaming