NFT Price Crash Stirs Debate on Whether Stimulus-Led Fad Is Over - 0 views
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John Kiff on 04 Apr 21Non-fungible token (NFT) prices are apparently crashing. NFTs are essentially blockchain-based tradable digital certificates that prove ownership and provenance of online assets. And I say "apparently" because the market is so illiquid and opaque, so this is being dubbed a silent crash. So according to Bloomberg, citing Nonfungible.com as a source, is saying that NFT prices have tumbled almost 70% from a peak in February. Amy Castor has posted a great explainer on NFTs, what they are and how their markets work, but suffice it to say that the whole thing looks very fishy!