alt Hacker NewsIn case someone is curious, NFTs were tradeable tokens popular for a short while in the early 2020s.
> Initially pitched in 2017 as a new class of investment asset, NFT trading increased from US$82 million in 2020 to US$17 billion in 2021. Its market was occasionally compared to an economic bubble or a Ponzi scheme. In 2022, the NFT market collapsed; a May 2022 estimate was that the number of sales was down over 90% compared to 2021. By September 2023 one report claimed that over 95% of NFT collections had zero monetary value.
https://en.wikipedia.org/wiki/Non-fungible_token
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The reason NFTs "failed" is that the "assets" were jpegs with infinitesimal intrinsic value(pre–ai slop) and even less market appeal.
We have people wasting money on jpegs and people wanting to own things outside of game inventory screens even today. Something akin to NFTs could still become a part of the economy.