Back in 2022, the Tennis Australia's forward-thinking management released 6,776 images of tennis balls as digital NFTs. Each one sold for 0.067 in the ethereum cryptocurrency, about $278 AUD at the time. Those same NFTs are now reportedly trading for as little as 0.003ETH or $15 AUD on OpenSea, the self-described "world’s first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs)". Ouch.
To add a little detail and context, the NFTs were linked to 19cm by...