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Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment
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<blockquote data-quote="MuzzMelbourne" data-source="post: 1053924" data-attributes="member: 94561"><p>This, to me, is a natural process of things balancing-out. NFT's and catchy Web3 domain names(.onion etc) have been ridiculous prices for years, as has Bitcoin.</p><p></p><p>It still doesn't devalue the usefulness of Blockchain as a technology. The true value of a token/chain is its inbuilt functionality. Digital images, domain names and currency tokens have zero inherent value and hence, are pure speculation.</p></blockquote><p></p>
[QUOTE="MuzzMelbourne, post: 1053924, member: 94561"] This, to me, is a natural process of things balancing-out. NFT's and catchy Web3 domain names(.onion etc) have been ridiculous prices for years, as has Bitcoin. It still doesn't devalue the usefulness of Blockchain as a technology. The true value of a token/chain is its inbuilt functionality. Digital images, domain names and currency tokens have zero inherent value and hence, are pure speculation. [/QUOTE]
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