Mainstream media outlets have once again declared that nonfungible tokens (NFTs) are “finally totally worthless,” citing the results of a DappGambl study on the “evolving landscape” of NFTs.The DappGambl study found that as many as 95% of NFTs (owned by more than 23 million people) have no value at all. This is a significant finding, and it raises questions about the long-term viability of the NFT market.

However, Animoca Brands CEO Yat Siu has dismissed the study's findings as "FUD," or fear, uncertainty, and doubt. Siu has argued that the DappGambl study is based on a flawed methodology and that it does not take into account the full value of NFTs.Siu has also pointed to the fact that the NFT market is still in its early stages of development. He has argued that it is too early to say whether or not NFTs have long-term value.

So, who is right? Are NFTs worthless, or are they just misunderstood?The truth is, it is probably too early to say. The NFT market is still very new and volatile. It is possible that the market will eventually mature and that NFTs will become more valuable. However, it is also possible that the market will crash and that NFTs will become worthless.

Only time will tell the true value of NFTs.In the meantime, it is important to be aware of the risks involved in investing in NFTs. NFTs are a speculative investment, and there is a chance that you could lose all of your money.If you are considering investing in NFTs, it is important to do your own research and understand the risks involved. You should only invest money that you can afford to lose.Here are some additional thoughts on the matter:

• The DappGambl study only looked at the market value of NFTs. It did not take into account the non-market value of NFTs, such as their cultural value or their potential for future use cases.
• The NFT market is still very immature and there is a lot of hype and speculation involved. This means that it is easy for prices to be inflated and for investors to make losses.
• There are a number of scams and rug pulls in the NFT space. It is important to be aware of these risks and to only invest in projects that you have carefully researched.

Overall, it is important to be cautious when investing in NFTs. It is a speculative investment with a lot of risks involved. However, there is also the potential for high rewards.