How NFTs live on as the investment promise fizzles: Crypto IRL

Ian Rogers says that the concept of nonfungible tokens makes sense to a younger generation – those who spend hours glued to screens, live online, and attended school virtually at the height of the pandemic. 

Also Read: Tendulkar invests in NFT store backed by Dream Sports

“It’s not a foreign concept,” he told us in the most recent episode of “Crypto IRL.”

Emily Yang, the artist known as pplpleasr, sees NFTs as a reflection of society and that they will be collectibles the way vinyl albums once were.

NFT skeptics, though, urge caution. John Reed Stark, a former SEC enforcement attorney, says the entire concept is a ludicrous ripoff. “It’s a giant scam,” he said. “It’s a giant Ponzi scheme.” 

This story has been published from a wire agency feed without modifications to the text.

Ian Rogers says that the concept of nonfungible tokens makes sense to a younger generation – those who spend hours glued to screens, live online, and attended school virtually at the height of the pandemic. 

Also Read: Tendulkar invests in NFT store backed by Dream Sports

“It’s not a foreign concept,” he told us in the most recent episode of “Crypto IRL.”

Emily Yang, the artist known as pplpleasr, sees NFTs as a reflection of society and that they will be collectibles the way vinyl albums once were.

NFT skeptics, though, urge caution. John Reed Stark, a former SEC enforcement attorney, says the entire concept is a ludicrous ripoff. “It’s a giant scam,” he said. “It’s a giant Ponzi scheme.” 

This story has been published from a wire agency feed without modifications to the text.