855
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
(markets.businessinsider.com)
this post was submitted on 21 Sep 2023
855 points (96.3% liked)
Technology
59677 readers
3223 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Dot com wasn't worthless or useless
Yeah, it was a bubble. Dot com companies were worth less than investors hoped, but not worthless.
Many of the dot-com companies that survived the crash exceeded their bubble valuation. Amazon, for example is worth far more than it ever was in the bubble days. Same with eBay, Priceline, etc.
Yahoo is widely considered one of the biggest flops, but it survived the dot-com crash, dropped to just a few dollars a share, then eventually climbed back up over $40/share. Despite being massively overvalued in the bubble and then massively mismanaged after, it fundamentally had some value and people used it for years.
Not many people had their own website in the late 90s, same as today. Domain names are useful to some just like how some see NTFs are being useful.
Yeah people visit websites more than looking at NFTs. However some will prefer NFTs over physical collectiables. Just a preference.
That's... Not what the dot-com boom was.
Also, homie has obviously never heard of geocities... or livejournal
Your post is pretty nonsensical anyway, but if anything more people had their own websites as a proportion of the web, with Geocities and Angelfire etc. This was before social media, so to have a presence on the web you had to have your own site, and people did.
You’re both correct. In the late 90s it was common to have your own webpage as a subdomain on someone else’s site, but not super common to have your own domain.
Facebook and Instagram are still basically web pages on someone else’s domain.