The NFT market: the emperor's new clothes?

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Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify. Some might argue that the popularity of NFTs faded as quickly as it rose. NFTs boomed in early 2022 when the crypto mania was at fever pitch. But a steep decline in sales and prices quickly followed, as ...  Show more

Non Fungible Tokens, known as NFTs, are the hottest craze in the cryptocurrency world. But what are they? With a multibillion-dollar market cap, why do people pay hundreds of thousands of dollars, and in some cases, millions for digitally stored avatars, pictures, art, GIFs, toke ...  Show more

In 2005 a photo of four-year-old Zoë Roth standing in front of a burning house went viral on the internet. It became a meme known as “disaster girl”. In April 2021, the image sold for $473,000 as an NFT, or non-fungible token - that’s sort of a digital record of ownership.And the ...  Show more

At the height of NFT mania, everyone from athletes like Tom Brady to celebrities like Justin Beiber seemed to be buying (or talking about) collections like Bored Ape Yacht Club. Non-fungible tokens aren’t just pictures of monkeys though - they exist on the blockchain, and buying ...  Show more