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2023 Underground Art Market Report

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Category: NFTs

NFT crash: 95% of the market is now ‘worthless’, study finds

NFT crash: 95% of the market is now ‘worthless’, study finds – as value of ‘Bored Ape’ artwork owned by Justin Bieber plummets by 97% The vast majority of NFTs created are now worthless, according to a study And even the most popular and prestigious …

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September 21, 2023September 22, 2023 By AdsmithBroker

NFTs Aren’t Dead Just Yet (But the MSM Might Be)

Rollingstone.com hit the traffic motherlode today with an eye-catching post calling the end of non-fungible tokens (NFTs). The piece, “Your NFTs Are Actually – Finally – Totally Worthless,” picks up a new study by dappGambl, a community of finance experts, and runs with it hard. …

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September 21, 2023September 21, 2023 By AdsmithBroker

Upland to sell NFTs to raise money for equitable playground access

Upland, a metaverse platform mapped to the real world, is launching an NFT fundraiser to help support an American nonprofit building playgrounds in neighborhoods that historically haven’t had access to them.  KABOOM! has built or renovated over 17,000 playspaces since its founding more than 25 …

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September 21, 2023September 22, 2023 By AdsmithBroker

‘Bottle Shock’ Film Director Plots Animated Musical Remake—Funded by NFTs

Randall Miller has directed 12 movies. The most famous of those is probably “Bottle Shock,” the 2008 indie starring Alan Rickman and Chris Pine that gained cult popularity in the wine world for its dramatization of the “Judgment of Paris”—the famed 1976 occasion on which …

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September 21, 2023September 21, 2023 By AdsmithBroker

LimeWire Acquires BlueWillowAI to Fuel Generative AI Growth

Photo Credit: LimeWire LimeWire is focusing on generative AI with an acquisition of BlueWillow. The former hub for piracy wants you to forget about the NFTs it used to raise money in 2022—even as the SEC squares up. Here’s the latest. LimeWire began its life …

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September 21, 2023September 21, 2023 By AdsmithBroker

95% of NFTs now totally worthless, say researchers

Just a couple of years ago you’d have no trouble finding some celebrity hawking a non-fungible token (NFT) project. But how quickly times change, as now, even websites dedicated to gambling with cryptocurrency are warning people to stay away from NFTs. For those who don’t …

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September 21, 2023September 21, 2023 By AdsmithBroker

Former SEC Attorney John Reed Stark Bashes NFTs, Calls Crypto ‘Affinity Fraud’

Vladislav Sopov Adamant critic of cryptocurrencies indicates six key failures of digital assets Former Chief of U.S. SEC Office of Internet Enforcement John Reed Stark compared all of the digital collectibles to the weirdest 1970s mania and indicated a number of promises that cryptocurrency has …

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September 21, 2023September 21, 2023 By AdsmithBroker

What will it take for gamers to stop hating NFTs? Great games, says Polygon’s Wyatt

Gamers hate NFTs, according to Helius co-founder Mert Mumtaz. And due to the broader gaming community’s disdain for blockchain tech, he doesn’t believe it makes a whole lot of fiscal sense for game producers to pursue Web3 possibilities. On the Lightspeed podcast (Spotify/Apple), Mumtaz asks …

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September 21, 2023September 21, 2023 By AdsmithBroker

95 percent of NFTs are worthless now, study finds

Billboards display Bored Ape Yacht Club NFT art in Times Square. Photo by Noam Galai/Getty Images.   95 percent of non-fungible tokens (NFTs) are all but worthless now, according to a new study by crypto research group dappGambl. It’s no secret that the once-hyped crypto …

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September 21, 2023September 21, 2023 By AdsmithBroker

Paris Hilton and Jimmy Fallon NFT footage resurfaces after report finds they are worthless

The non-fungible token (NFT) craze might be over – but we will always have videos of celebrities endorsing them as reminders of just how unhinged it was. The latest to have re-emerged is of Paris Hilton and Jimmy Fallon, the US late-night talk show host, …

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September 21, 2023September 21, 2023 By AdsmithBroker

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