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Crypto bitcoin system

Why NFTs lost their lustre

May 22, 2022 by www.thejakartapost.com Leave a Comment

Yassine Khiri and Theo Mattiolo (AFP) Paris, France   ● Sun, May 22, 2022 2022-05-22 16:25 0 e16ff64e7ecc29b41741491223119052 2 Art & Culture NFT,Fraud,cryptocurrency,collectible-item,Internet Free A slew of celebrity endorsements helped inflate a multi-billion dollar bubble around digital tokens over the past year, but cryptocurrencies are crashing and some fear NFTs could be next. NFTs are tokens linked to digital images, "collectable" items, avatars in games or property and objects in the burgeoning virtual world of the metaverse. The likes of Paris Hilton, Gwyneth Paltrow and Serena Williams have boasted about owning NFTs and many under-30s have been enticed to gamble for the chance of making a quick profit. But the whole sector is suffering a rout at the moment with all the major cryptocurrencies slumping in value, and the signs for NFTs are mixed at best. The number of NFTs traded in the first quarter of this year slumped by almost 50 … [Read more...] about Why NFTs lost their lustre

Filed Under: Art & Culture NFT|Fraud|cryptocurrency|collectible-item|Internet, deluxe how luxury lost its lustre, how luxury lost its lustre

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