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Strange to say, but I remember when NFTs were everywhere in 2021. Everyone went crazy for digital art, crazy prices, celebrities jumping in. Even Neymar collected quite a few, especially two Bored Ape Yacht Club that he paid a fortune for—like $517,000 for one and $613,000 for the other. Basically, 6 million reais in total for a pair of drawn monkeys.
Now look at what happened. Those same BAYC NFTs are now worth $30,000 and $35,000. That’s almost a 95% loss in value. It’s crazy when you think about it. The NFT boom lasted about a breath, then everyone got distracted by the metaverse, artificial intelligence, and the market started to deflate.
Neymar’s collection on OpenSea still has over 90 pieces, but the golden era is over. It makes you think about how quickly things can change in crypto and digital assets. A lesson for those chasing every trend.