3 ms·
The market considered NFTs highly valuable too, until it didn't.
by quantified 4y ago
The market considered NFTs highly valuable too, until it didn't.
- epgui 4y agoNFTs don’t have amazing unit economics with gross profit margins of 30% (or any unit economics at all), and incredible discounted cash flows (actually they don’t have any cash flows at all). It’s like comparing the productivity of a med student on Adderall in a quiet library, and the productivity of a peeled russet potato sitting in the sun.