NFTs

NFTs epitomize overhype, with digital art selling for millions in 2021, only for the market to crash over 95% by 2023. This collapse left most collections as worthless JPEGs, with trading volumes dropping from $17 billion to under $1 billion monthly. Cheaper than the typical rival tech investment, NFTs now yield negative returns for over 70% of buyers. Outperforming only Google Glass in lasting relevance, they serve as a cautionary tale of speculative mania.