This is an extreme and very exaggerated example of value zeroing!
I can’t even think of the word NFT, from $69 million to $10.
The combination of technological concept + fashion + new art form + self-media communication made its value at the crazy level from the beginning.
When its story of drumming and spreading flowers was no longer valid, the external environment began to change.
When a better story (AI) appeared, it was naturally forgotten and abandoned.
It is worth noting that the business-driven model of tapping potential value is a double-edged sword.
It can dance with the scaling law of the AI era, and can also be an accelerator of the AI bubble.
Of course, you can repay your expectations ten thousand times, and you may be the first to beat the drum and spread the flowers, but you must practice more, add your own judgment, and be willing to admit defeat.