NFTs as Investment Assets

NFTs as investment assets have proven to be the most overhyped trend, with the market's $25 billion peak in 2022 collapsing by over 95% to under $1 billion. Artificial scarcity alone failed to sustain value, as most collections are now virtually worthless. This crash is more severe than any other item on this list, outperforming #2 SPACs in value destruction, which only lost 50% on average. Trading volume for top NFTs like CryptoPunks fell by 97% from 2021 highs, making them the worst-performing asset class of the decade and a cautionary tale about speculative manias.