[breckenedge]

Um, what is with these examples?

> Recur, an NFT startup once valued at more than $300 million, decided to shut down recently. And a tiny edtech Web3 startup called 101 also called it quits.

NFTs and Web3 were the biggest bubbles of the pandemic boom, obviously they’re popping. Did these companies ever expect to turn a profit?

[andsoitis]

> NFTs and Web3 were the biggest bubbles of the pandemic boom

NFTs and Web3 were the biggest scams of the pandemic boom

[JohnFen]

If those are representative of the sorts of businesses that are in that 50,000 then this strikes me as being a normal and good correction.