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“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.
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The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.
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nestedneons · 3 months
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By kenva
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alcrego · 11 months
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Weird walk
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blotternft · 1 month
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𝙎𝙪𝙥𝙚𝙧𝙞𝙤𝙧𝙞𝙩𝙮 𝘾𝙤𝙢𝙥𝙡𝙚𝙭
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cyberpunkplaza · 2 months
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bestcryptids · 7 months
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I made a guide about what is and isn't a cryptid
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ygriegamx · 1 year
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PYR4M1D
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0x3y3 · 1 year
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LANDINGS: CHRYSOPOEIA
transit this again,
scribbling a hard point
into the amaranth of everything
you want to build sextants
you want to herd bridges into the sea
the houses you haven’t been in yet
surround you still
GIF, 960 x 960px, 100 frames, 2022
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styblova · 4 months
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swim in your own mind Follow me on: http://instagram.com/styblova.art △ http://twitter.com/styblova for more behind the scenes.
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undrgrnd-nft · 4 months
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Tezos Goes Big
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I really didn’t want to write this, I swear. I have real work to do, podcasts to edit and my daughter is home sick; but, it’s like holding in a sneeze, when I have something to say it’s best to get it out.
This is not about the @tezos event at Art Basel Miami. It may be what is driving the conversation but this is not really about the displays in a lobby of a hotel.
This is the culmination of years of disrespect to a driving force of adoption and endemic of the crypto space (and society) at large.
Art rejuvenating dead space is not a novel concept. In fact, in Miami, there’s an entire area that could have been used as a template by all blockchains. It’s called Wynnewood, look it up and you’ll get the New York Times article I reference all the time.
What was once an industrial park became a hub for restaurants, music and entertainment: culture.
Why? Because some graffiti artists began painting on the cold gray walls of a concrete jungle.
Did those artists share any of the financial gain brought to the neighborhood? No, but think of the exposure!
Web3 was not built by nor built for creatives like us (yea, I’m putting myself in that group, shut up about it). It was built by boys and men that look, talk and act like me (white, male, presumable douchey based on appearance) but lack a moral and emotional foundation.
They use the right words, have picked up key phrases and platitudes, but at the core it’s not about the things many of us value. It’s not about art.
It’s not about a reorganization of institutions that were built to keep specific classes, races and sexes subservient.
It is not building a utopian-Marxist future where the moral and decent are rewarded financially for their collective effort.
Look at the state of streaming services: Netflix, Hulu, Paramount, Peacock, Max. What was once meant to disrupt the cable industry has now become Cable Networks 2.0.
The same is true in crypto. What started as a revolution has become a hype parade led by influencers masquerading as cultural relevance.
Remember the @TezosFoundation Permanent Collection drama? In a Twitter space shortly after things began to spiral downward, one of the leads made a comment on the criticisms, “if this is the response maybe we won’t do this again.”
We all knew it then.
But many of us came here to create something better. So we, many of them my friends, gave second chances, put a positive spin on it and took their opportunity when it was offered.
I was jealous.
Because I would have done the same.
UNDRGRND is just me: a stay at home dad, taking care of a toddler who disrupts the means of production constantly. I know how hard it is to put together something and share it with an audience.
But so does every artist I write about.
So when we watch people with large budgets, people who are able to make a living on crypto already, getting paid to present the work of others and the result is done with the level of care it takes to hang a Missing Cat poster on a telephone pole, it’s infuriating.
Many of the artists I’ve gotten to know over these past three years were creative directors in their web2 lives. Do you know what they could have done with a fraction the amount of money @tezos has in its war chest?
It’s disrespectful.
It always has been.
I’m going to push post on this in a few minutes and the anxiety is rising. I know others are going to criticize what I’m launching in the coming months.
I’m in a glass house throwing rocks.
The difference is I’m not deluded enough to think I have all the answers or have an ego like I’ve done anything yet.
I’m just a guy writing about the things I like while my four-year-old sleeps on me.
This was never about the display.
It was about the devaluation of creatives for years and the continuation of a broken social contract that promised an idealistic future.
So heed the lesson because we’re tired of this shit.
And I’m fucking coming…
- Founder of UNDRGRND, @NFTjoe
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criptocromo · 27 days
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Sensory overload
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nestedneons · 7 months
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By xenotrip
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alcrego · 9 months
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Shift
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blotternft · 3 months
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𝘽𝙚𝙮𝙤𝙣𝙙 𝙐𝙣𝙘𝙚𝙧𝙩𝙖𝙞𝙣𝙩𝙮
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liminalmindcore · 17 days
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