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When celebrities sold NFTs for crores, people thought NFTs were the innovation.
They weren’t.
NFTs were never about JPEGs or price tags.
They were about verifiable ownership in a digital world.
The market confused speculation for utility —
and when the hype left, so did the volumes.
That doesn’t mean the tech failed.
It means expectations were wrong.
Most NFTs didn’t solve a real problem.
And markets are ruthless about that.
Understanding why NFTs crashed
is more important than knowing who sold them at the top.
Because cycles repeat — narratives do too.
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