《NFT Bubble Burst: From Sky-High Auctions to No Bidders》
In 2021, a global NFT frenzy erupted. Digital avatars, pixel art, and virtual items were traded at outrageous prices, with a simple JPG selling for hundreds of thousands of dollars. Many firmly believed this was the 'future of digital assets,' as if buying in would put them on the wealth rocket.
Among them, a player named A Zhe spent a fortune on a popular NFT collection, earning him the nickname 'Keen Eye' from friends. At that time, these avatars were rising in value weekly; he even used them as collateral for loans to continue buying more. In just two months, his paper profits doubled, and he confidently planned to 'hold long-term.'
However, the excitement faded faster than it arrived. Trading volumes plummeted, buyers became scarce, and numerous projects on platforms ceased updates, with the so-called 'community consensus' evaporating overnight. The NFTs he bought ultimately fell to a point where no one cared, his collateralized loans were liquidated, and his assets instantly went to zero.
This experience serves as a warning to every investor:
Not everything associated with blockchain has value.
When the tide goes out, you can tell which are technological innovations and which are just emotional bubbles.
In the crypto world, never mistake hype for trends, and certainly, don’t confuse heat with value.
