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 A community member highlighted the drastic shift in mainstream media narrative, sharing a previous article promoting the BAYC NFT collection. 
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 Mainstream <a rel="noopener noreferrer nofollow" title="media" href="https://thebittimes.com/tag/media.html">media</a> outlet Rolling Stone has&nbsp;declared that nonfungible tokens (NFTs) are “finally <a rel="noopener noreferrer nofollow" title="totally" href="https://thebittimes.com/tag/totally.html">totally</a> <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a>less,” citing the results of a DappGambl study&nbsp;on the “evolving landscape” of NFTs. The study found that as many as 95% of NFTs (owned by more than 23 million investors) have no value at all. 
 The response from the <a rel="noopener noreferrer nofollow" title="community" href="https://thebittimes.com/tag/community.html">community</a> has been varied, with some agreeing with the report and others linking previous reports from the outlet that supported the same NFTs they’ve now called out. 
 In a Reddit thread, most of the comments agreed with the report. Some called NFTs the “worst things to emerge from crypto,” and others claimed&nbsp;that they were “<a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a>less ages ago.” Despite this, a <a rel="noopener noreferrer nofollow" title="community" href="https://thebittimes.com/tag/community.html">community</a> member believes that, while they may be <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a>less now, this may change in the future. “Some will make a comeback. Some will go up 1000% because bull. People will get mad again that pixels are <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> millions,” they wrote. 
 On X, a community member shared a previous Rolling Stone article promoting the Bored Ape Yacht Club (BAYC) NFT collection in an attempt to highlight the change in narrative within the media outlet. 
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 <figcaption style="text-align: center;"> A community member shares a previous report from the outlet. Source: X 
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 Meanwhile, another community member believes that when mainstream media shares these types of posts, a “reversal” is bound to happen, while another backed up the statement by saying that “now is the time to buy.” 
 Related: Ronaldo teases NFT plans while on a lie detector test 
 On Aug. 3, Ethereum gas usage for NFTs fell significantly, signaling a potential shift in NFT usage, with users holding on to their assets instead of actively trading. In 2021, NFTs were on top in terms of gas usage on the Ethereum network, showing that NFT holders were actively trading and moving their assets. Two years later, NFT marketplaces that once dominated the gas usage charts have now fallen off the list. 
 Magazine: NFT Collector: Creative AI art, Tomorrowland sells tomorrow’s future 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/nfts-are-totally-worthless-says-mainstream-media-community-responds-tbt63494.html">https://thebittimes.com/nfts-are-totally-worthless-says-mainstream-media-community-responds-tbt63494.html</a>

NFTs are ‘totally worthless’ says mainstream media, community responds

TheBitTimes

Інші статті, опубліковані 21 вер. 2023 р.

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