Australian Open's NFT Initiative Faces Significant Value Decline Nearly 10,000 images of tennis balls, sold as NFTs during the Australian Open's Artball program, have seen their value drop by up to 90%. The program, launched during the NFT boom, offered fans digital collectibles linked to court plots at Melbourne Park. However, Tennis Australia appears to have shifted focus, leading to a decline in the NFTs' value.

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Investing in NFTs can be volatile, as seen with Australian Open's Artball program. Shifts in focus by organizations can impact values significantly. It's a reminder to carefully consider such investments and their long-term sustainability.