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# How internet monkey pictures turned millions into pennies.
- URL: https://www.thedigitalspeaker.com/how-internet-monkey-pictures-turned-millions-into-pennies/
- Published: 2023-12-18T04:03:26.000Z
- Updated: 2026-07-27T05:35:23.000Z
- Description: The NFT craze of 2021 saw hype around buying digital art lead to inflated prices, bad investments, and big losses. Though promoted as the future, NFTs failed to deliver on promises of community and metaverse integration, leaving many lonely buyers holding now-worthless JPEGs. ...
- Author: Dr Mark van Rijmenam, CSP
- Tags: News, #seo-post-1

The NFT craze of 2021 saw hype around buying digital art lead to inflated prices, bad investments, and big losses. Though promoted as the future, NFTs failed to deliver on promises of community and [metaverse](https://www.thedigitalspeaker.com/metaverse-speaker/) integration, leaving many lonely buyers holding now-worthless JPEGs. Despite this, I do believe that NFTs hold immense value as a technology, just not for selling pictures of crazy monkeys.

Read the full article on [The Guardian](https://www.theguardian.com/commentisfree/2023/sep/27/nfts-non-fungible-tokens-pandemic-loneliness-craze?ref=thedigitalspeaker.com).

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