After the Gold Rush: What Dapper Labs’ Big-League Collectibles Teaches Us About NFTs

“I conjecture there was demand,”Ghahary says, “because when they sold packs [at that time], it would deal in out. And you could flip it and make money. But as they pumped out more supply, values started dropping, and people started make an exit. Even if you’re a huge sports fan, if you buy something for $2,000 and it’s worth $20 two weeks later, that’s not great. And that mindset can adequate of set in.”