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RE: Nifty Friday: Hive Robotic Girl Music NFT 🔥 by @forest-fangs x ssantg

It's time had passed. It once was sort of exclusive, but now the digital Universe is clutter with NFT's - and a lot of it is of questionable artistic quality.

The honest answer splits cleanly in two. A tiny fraction of NFTs are more valuable than ever. Everything else is worth nothing – or close to it.
CryptoPunk #7804 sold for $16.4 million in September 2024, over two years into the bear market. Meanwhile, the dappGambl report found 95% of NFTs had zero monetary value by September 2023. Both facts are simultaneously true. They describe different layers of the same market.

Source: Are NFTs Still Valuable? What’s Worth Something and What Hit Zero

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Good summary of the NFT situation, think crypto art NFTs with IP rights have great potential, but a new challenge is that everything can be AI-generated today.

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