Tag: capitalism

Indeed, FTX — the name most closely tied with the crypto implosion — is back in the headlines. This go-around, it’s not them who’re the defendant, but the plaintiff, going after NFT Star and Delysium in hot pursuit of undelivered tokens. Are we in fact seeing a real market based...

Remember Tamagotchis? Those tiny, virtual pet pals that were all the rage back in the 90s? They were the coolest showpiece, until, of course, everyone’s died a slow death from lack of care. During the boom, corporate titans such as Nike were clamoring to tell you why NFTs would be...

Remember when NFTs were going to free artists from the shackles of capitalism? Eliminate gallery gatekeepers and predatory art dealers. Let creators build those personal relationships to their audience and benefit financially from their hard work! The promise was intoxicating. A digital utopia where creativity prospered, and creators, at long...

I’m fortunate to have a good friend in artist Anya, who has spent years immersed in this world. She poured her heart and soul as well as a good chunk of her savings into a series of digital paintings. Unfortunately, Anya, like many of us, drank the Kool-Aid. She saw...

So, the NFT market is wobbling. With sales down across the board, buyers and sellers alike fleeing the market and the whole enterprise kind of feeling like it’s…a little too inflated. Instead, we’re getting headlines about a 4.38% decline in sales volume, a close to 78% plunge in buyers. If...

Alright, now let’s break down this CryptoPunk #3100 sale. $10 million gone. Vanished. Poof. It would be easy to blow it off as business as usual in the wild west of crypto. It does indeed seem like an early warning canary in a coal mine. A very expensive, pixelated canary....