I find it really impressive it is only 93%. This implies there are still people who buy this crap
Not necessarily, as I understand, the floor price is just theld buy one at. i could make a new nft, list it at 500 billion and that would be the floor price, even if no trade ever happens.
There’s also some stuff where the nfts get used as collateral for loans without any intention to pay back the loan. The borrower defaults, keeps the money, the lender is stuck with a useless nft. No actual sale happened, so the floor price didn’t move, even though the loan was likely for less than the floor price.
Crypto is full of this kind of misleading metrics, same as market cap
Don’t worry bro, demand for the receipt that says you own a small picture will skyrocket any day now bro.
Tally Labs launched a project called The Writers Room, which let holders of an associated NFT project dictate storytelling elements. That led to the creation of an Ape-focused novel written by Neil Strauss, a New York Times bestselling author.
Somehow I had not heard of this particular idiocy.
“investment”
I’da gotten in on them were my money not all tied up in Beanie Babies. I gonna hodl until they bounce back so I can finally retire.
Maybe you wouldn’t be stuck with a bunch of worthless stuffed animals if you invested in an asset with sound fundamentals, for example GameStop stock.
Surprising part to me is that there is actually some monetary value left to these.