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• NFT's took the investing world by storm in 2021 and 2022.
• But this year has been a different story, as the bottom has dropped out of much of the NFT market.
• Find out which NFTs have taken the biggest pounding.

NFTs, or non-fungible tokens, took the digital world by storm. These unique digital representations of art or collectibles are linked to a blockchain, typically Ethereum, and each carries a one-of-a-kind signature that cannot be duplicated, guaranteeing its authenticity.

But one of the defining features of NFTs is their incredible volatility. In 2021-2022, the NFT market experienced a meteoric rise, with monthly trading volumes reaching an astonishing $2.8 billion. However, more recently, up to 95% of NFTs from that period have seen their value plummet, leaving many to wonder whether they are now "worthless." 

That said, whether they are worthless or not is a highly speculative game. Some major institutions say this may be an excellent time to buy. Additionally, a reduction in value doesn't necessarily equate to a loss of investment for holders — as some were originally acquired for free or with minimum investment.