nfts-by-celebrities-like-grimes,-john-cena-and-a$ap-rocky-fall-in-value-–-bloomberg

MIAMI, FLORIDA - JANUARY 31: John Cena attends

MIAMI, FLORIDA – JANUARY 31: John Cena attends “The Road to F9” Global Fan Extravaganza at Maurice A. Ferre Park on January 31, 2020 in Miami, Florida. (Photo by Dia Dipasupil/Getty Images)

Photographer: Dia Dipasupil/Getty Images North America

Celebrities like the musician Grimes have been quick to cash in on nonfungible tokens, making millions from minting collections of their own digital art.

For buyers, however, the payoff has been far less rewarding.