Bored Ape Yacht Club’s New Metaverse Shows NFTs Are Evolving

Bitcoin and Dogecoin reached all-time highs last year, but 2021 was the year of the nonfungible token. Last year, almost $25 billion was spent on NFTs, a few billion more than was spent at the global box office. Despite – or perhaps because of – that high result, there is a stigma attached to NFTs. Most people are either perplexed by the exorbitant pricing NFTs command or are sure they are a sophisticated deception, a rip-off waiting to happen. Critics see NFT purchasers as scumbags who waste money on JPEGs that they could simply “right-click-save” for free.

That refrain won’t remain true for long. NFTs are developing, for better or worse, in 2022.


Share on facebook
Share on twitter
Share on linkedin
Share on email

Recent Posts

Leave a Reply

Your email address will not be published.