A couple of years ago, NFTs were the Next Big Thing. They were everywhere, with celebrity endorsements, big media companies jumping on the bandwagon and ceaseless promotion from nearly everyone in the crypto sphere. They were "valued" as one-of-a-kind tokens to exclusive communities and riches to come.
Today? A new report finds that 95 percent of them are absolutely worthless, and the communities that sprung up around them are ghost towns. Millions of dollars have been lost. But whose millions? The people who created and promoted them? Or the folks who saw a chance to join that club and put the money they couldn't afford to lose into a risky play?