NFTs: What They Are, How They Work, and Why Most Are Worthless
When you hear NFTs, non-fungible tokens are unique digital assets stored on a blockchain that prove ownership of something digital, like art, music, or in-game items. Also known as crypto collectibles, they were sold for millions at their peak—but today, most sit unused in wallets with no buyers. The idea was simple: make digital stuff scarce. But scarcity doesn’t mean value. If no one wants it, it’s just a file with a fancy certificate attached.
NFTs rely on blockchain assets, digital records that can’t be copied or altered, making them ideal for proving who owns what. But not all blockchains are equal. Many NFTs live on Ethereum, where gas fees eat profits before you even sell. Others run on cheaper chains like Polygon or Solana, but those often lack real users. And then there’s the messy part: digital ownership, the claim that buying an NFT gives you rights to the underlying content. Spoiler: it usually doesn’t. You don’t own the art. You don’t own the copyright. You own a link to a file that could vanish if the server goes down.
Real NFT projects—like those tied to games, communities, or utility—still exist. But they’re rare. Most are just JPEGs with hype. You’ll see posts here about fake NFT airdrops pretending to be from Captain Tsubasa or SOVRUN, both of which collapsed after initial hype. Others push NFTs as investment vehicles, ignoring that 99% of them trade for less than $1. Even the ones that started strong, like Bored Apes, now have thousands of listings at pennies on the dollar. The only people making money are the ones who sold early—or the scammers selling fake minting tools.
What’s left? A few projects that actually give you something: access to events, in-game items, or membership perks. But those aren’t about art. They’re about utility. And that’s the difference between an NFT that lasts and one that’s already dead. If it doesn’t do anything beyond looking cool on a profile picture, it’s just a digital sticker. The market isn’t dead—it’s cleaned up. And what’s left is either useful or worthless. You’ll find posts here that cut through the noise: real breakdowns of NFT-based games, warnings about fake collections, and why most airdrops claiming to give you NFTs are just phishing traps. No fluff. No promises. Just what’s real, what’s fake, and what you should ignore in 2025.