Customers view an NFT gallery featuring “Degen Apes” at the Solana Space retail store at Hudson Yards in New York, US, on Monday, Aug. 8, 2022. Mikkel Morch, executive director at Digital Asset Investment Fund ARK36, said that he sees the recent efforts with Solanas mobile phone and the Solana Spaces store as emblematic of “Solana’s grand ambitions to become the pioneer of mainstream adoption of web3.” Photographer: Gabby Jones/Bloomberg

A comprehensive study has unveiled that the vast majority of Non-Fungible Tokens (NFTs), once the darlings of the digital asset world, have plummeted to zero value, leaving nearly 23 million people holding onto worthless digital collectibles. According to market data, 95 percent of all NFT collections now have a total market value of zero.

Business Insider reports that the cryptocurrency community and the internet in general was once abuzz with the revolutionary concept of NFTs, unique digital assets representing ownership or proof of authenticity of a specific digital item or piece of content, typically tied to a blockchain.

These digital collectibles experienced a meteoric rise in 2021 and 2022, with the market witnessing a colossal bull run, leading to a staggering $2.8 billion in monthly trading volumes. High-profile collections like Bored Apes and CryptoPunks were the darling of investors, fetching millions of dollars and drawing celebrities like Stephen Curry and Snoop Dogg into the fray.
However, the once-thriving NFT market is now a shadow of its former self, with a study by dappGambl revealing a sobering reality. The study of over 73,000 NFT collections uncovered that a whopping 95 percent of them now possess a market cap of zero ether, the cryptocurrency typically used to buy and sell NFTs.
This alarming scenario implies that a vast majority of NFTs have crashed to a value of zero, rendering them essentially worthless and impacting almost 23 million holders of these digital assets.

The researchers noted, “This daunting reality should serve as a sobering check on the euphoria that has often surrounded the NFT space.” The study underscores the pitfalls and potential losses overshadowed by stories of overnight success and digital art pieces selling for millions. The current state of the market is characterized by speculative and hopeful pricing strategies, far removed from the actual trading history of these assets.

The study further divulges that 79 percent of all NFT collections currently remain unsold, creating a surplus of supply over demand and a buyer’s market that has done little to rekindle enthusiasm. Even after filtering out lower-value, less significant projects, the majority of collections hold minimal value today.
Out of the top 8,850 collections by market cap, 18 percent are worthless, and 41 percent are priced between $5-$100. Fewer than one percent have a price tag above $6,000, a stark contrast to the regular million-dollar deals witnessed two years ago.

Breitbart News previously reported that investors who purchased NFTs from the high profile Bored Apes collection sued Sotheby’s Auction House for its role in selling the collectibles that quickly lost their value:

The lawsuit further claims that the boost to Bored Ape NFT prices provided by the auction “was rooted in deception.” It alleges that it wasn’t revealed at the time of the auction that the buyer was the now-disgraced crypto platform FTX. “Sotheby’s representations that the undisclosed buyer was a ‘traditional’ collector had misleadingly created the impression that the market for BAYC NFTs had crossed over to a mainstream audience,” the lawsuit stated. The plaintiffs argue that harmed investors bought the NFTs “with a reasonable expectation of profit from owning them.”
In September 2021, Sotheby’s sold a lot of 101 Bored Ape NFTs for $24.4 million at its “Ape In!” auction, well above the pre-auction estimates of $12 million to $18 million. That’s an average price of over $241,000. However, Bored Ape NFTs now sell for a floor price of about $50,000 worth of ether cryptocurrency, according to CoinGecko data.

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HILARIOUS!!

I want to try some PRS with an inexpensive factory rifle and a cartridge available in factory loadings. Our PRS range only goes to 800 yards. I was thinking .223, 6 ARC, or 6 CM. Savage offers a 110 tactical in 6 CM with 26" barrel, Savage also offers a 6ARC in the 110 tactical with a 18" barrel. Brownells has Howa mini actions for 223 or 6ARC that I could put in a MDT Oryx. I don't want to reload

Hopefully the start of a trend

MPA BA22 built on a Cz457 action fully built and chambered by MPA with 18.5” Spencer barrel. Match chamber, Timney Trigger, comes with a full inside and outside weight kit, matching competition rails and 2 10 round mags.

Only thing missing to compete is a scope. Shipped from my FFL to yours.

Pics Below.

I have PVS-27 clip on night vision up for grabs. I am the original owner was new when purchased has very little run time comes with every thing it came with from the factory only selling due to health issues and can’t get out and use it it’s just collecting dust. It has some peppering that really isn’t that noticeable in use. Pictures doesn’t do it justice phone doesn’t want to focus on it very well. The pictures are at 10x on my Nightforce scope. It is very clear in person. This is pretty much top of the line in affordable clip on’s. Barn is at 600 yards grain bins are at over 1/2 mile. Must be a US citizen no exceptions USPS money order or cashiers check held until it clears my bank or FTF. $4500.00 I will take it posted here overrides any other communication. SOLD

Would like to find a 4” anaconda that needs some attention, it’ll be a carry gun so I don’t need anything pristine. Feel free to pm me if you know where one is at.

Cert for Free Thunderbeast suppressor $1000

Gots to start with breakfast before class......



And coffee...

Clearing out the gun room with things I am not using. Everything is priced shipped to your door in the lower 48. First "I'll take item #..." in the comments gets the item. Paypal F & F. No trades, no offers. Just want to get rid of this stuff to make room for the other stuff I am bound to sell in another year.

1. Gore Tex Jacket and Pants - $50 Parka XL Long Pants Large Long SOLD
2. Remington Shotgun Chokes – $75 Remington Improved Cylinder, Modified, Tru Glo TG170X Turkey Choke, Comp N Choke XXX Full, Remington Super Full Turkey, HS Undertaker .675 X Full
3. Glock PCC Magazines. $75 - 1 Glock Mag with Taran Extension, 5 ETS Mags
4. Gray Ops Thumb M Lok Rest - $20
5. APA Gen 2 Lil Bastard 6mm Brake - $80
6. APW Raptor Brake - $100 SOLD
7. Hart 1.20” 26” Barrel Chambered in 6 Dasher by Deep South Tactical for Defiance Ruckus – 700 Rounds - $100SOLD
8. (2) Krieger M24 Barrels Chambered in 6 BR for Defiance Ruckus – 24” Barrel has 700 Rounds 26” Barrel has 250 Rounds - $250 SOLD
9. SBA 3 Pistol Brace - SOLD
10. Glock 19 Gen 3 Slide with Barrel & Recoil Spring (Needs Upper Parts Kit) Alpha Shooting Sports Slide with Threaded Barrel $250
11. 11.5” Ballistic Advantage 5.56 Barrel with Strike Industries Flash Hider & Adjustable Gas block. $150 SOLD
12. Luth Stock MBA 1 - $75 SOLD
13. Mystery Ranch Coulee 40L Pack - $75
14. Digital Backpack Small EDC $10 SOLD
15. Area 419 Arca Rail with Weights 14” Long Tunable - SOLD
16. Area 419 Rail 17” Long (Lightweight no weights) - $100
17. 360 Steel Precision Arca Rail 14” Long 36 Ounces - SOLD
18. Rival Arms Gen 3 Glock 34 Slide with Agency Arms Compensator (Holster will go with it) $400
19. Area 419 Rail Changer with Shmedium Game Changer - $225 (Plus Shipping Costs)

I know this is an older article, but I just learned about it.

Looks like on top of their "auto pilot" not really working that well. Tesla is using the cameras on the cars to spy on you. So you better not "get funky" around that tesla or it will endup making the rounds at Tesla.

Part 2 of this is look at the source. Now if that was owned by someone "the media" approves of this story would never see the light of day.

Usually retails at around $520 and over.

KelTec KS-7 compact bullpup style tactical pump shotgun.



Cal: 12 gauge 3" shells
Magazine: Integrated
Action: Pump
Capacity: 6+1 rounds
Barrel length: 18.5"
Overall length: 26.1"
Weight: (Unloaded) 5.9 lb

NOTE: New in box configuration does NOT have a rail mount. The separately sold KS7 rail system replaces the stock carrying handle with a mount for optics and sights.


KS7 rail kit HERE:

Mfg: KelTec (Accessories can be ordered and shipped directly from manufacturer's own e-store)
Price: $42.50


HOW TO INSTALL KS7 RAIL KIT ON YOUR KS-7 STOCK CONFIG SHOTGUN:

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Perfect economical, powerful, and decisive home defense package for someone wanting a "tactical" look in a shotgun.

Oh and here is the obligatory shotgun meme: Remember: There is no such thing as "ineffective weapons". Only inadequate training and mindset. Weapons save lives when used correctly.



There is ABSOLUTELY NO EXCUSE for that horrific crime to have taken place in the first place. Not in a country and state where the Right To Keep And Bear Arms is upholded.

Which companies make the best quality armorer's/Gunsmithing tools to build AR-15s? I'm trying to put together an essentials tool kit.

206 105 hybrids left from a 500 box.

60 108 eldm.

Out of the 6mm game

$90 shipped

I need to read the rules for the forum, before I get banned. Permanently.

Manners PRS1 for r700 S/A in Elite High Plaines with Gen 2 mini chassis (was skim bedded by GAP). Has an integrated ingenuity rail system, installed by GA Precision. Comes with ingenuity barricade blocks and pic rail. Currently has a new limb saver recoil pad but also comes with a weighted fully adjustable pad system. ***SOLD*** shipped!

Selling a used 6-36 Razor in good shape. Some light ring marks from Nightforce Ultralights and a bit of discoloration from the protective wrap I had on the objective end. Includes sunshade and all accessories.

I recently did a trip to Germany to visit family and go see the family home in Czech that we now own. On the trip I went to Jablonec, Liberec, Kutna Hora and Praha/Prague.
Any other places you might recommend??

Tank fest was cool in Liberec.

I just got hold of this McMillan stock , paid equivalent of $350USD for it (I’m in Australia) .

Plan was to fix it up as it was disclosed as having a chip on the forend as pictured and having been “inletted for a VTR”.
What they didn’t say was it was inletted by a blind chimp (see attached).

So the top edges of the forend are very thin and there is gouges out along the length of the forend presumably to allow for the VTR barrel , it’s also got bedding material at the tang and lug areas that is maybe arma grout?

I was confident to repair the chip however curious how others might approach this job, more so from a hobbiest perspective as I don’t have specialist tools.

Cheers

Chew Dong ?
I mean Chu Dong.
How....fitting



Post em if you got em.

26 inch krieger 1/16 twist chamber is cut for Lapua/sk ammo mtu profile recessed crown 30 moa rail 2 10 round mags with one 5 round extension 1900 shipped to your ffl. Do not want to split the package up right now

Has anybody gotten jammed up by the 2 new questions on the ATF form? I haven’t bought a gun retail in several years.

Today I go to a corporate sporting goods store and try to buy a new Marlin trapper.

I get to question 21B and I asked the gun counter guy what the hell does this mean? He says sir I can’t give you any information about how to answer. I say well I’m just buying a gun for myself, I don’t plan on giving or selling it to anyone else. I think this question aught to be no, and he coughs and shakes his head (no) and I’m like so it should be yes? I said it sounds like it should be no and he says you know a lot of people worry too much when they fill out this form. (Just tell me what the f you’re saying) So of course I get denied. gun counter Dude says I can’t tell you why you were denied and you can’t try again for 30 more days.

I am assuming 21B is a big no ?

I realize I am pretty stupid when it comes to lawyer speak, but seriously.

Any way to appeal it?

Just a heads up, if you buy a Trijicon thermal expecting to get a "free" Trijicon tenmile scope they will require all your personal information including your Social Security Number, then they will send you a 1099 tax form and send the 1099 information to the IRS. I complained to Eurooptic because this was not disclosed on their site. To see this information you have to start the scope redemption process. Just my thoughts I don't try to redeem a "free" scope until after I get my receipt for the purchase, it's a waste of time because you have to have the receipt. I believe that most firearm equipment customers prefer to know that they will be putting their name on an IRS list before making the purchase. Also paying income tax on the "free" scope means it's not free. Just thought some of you would want to know.