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.
The NFT Space Needs to Do More to Uplift Black Artists
It’s no secret that white guys dominate crypto circles – after all, the “crypto bro” label has been around for a long time. According to Morning Consult, men will own
Noah Washington May 18, 2022