The digital collectibles market saw a significant surge in 2021, with many NFTs selling for millions of dollars. However, the hype has since died down, and the value of these unique digital assets has plummeted.
Jack Dorsey's first tweet NFT is one such example. Sold for $2.9 million in 2021, its current value has dropped to less than $5. The original owner still holds the NFT, but there have been no serious buyers so far.