{"id":4073,"date":"2021-12-16T10:36:16","date_gmt":"2021-12-16T09:36:16","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/12\/16\/nfts-market-hits-22bn-as-craze-turns-digital-images-into-assets\/"},"modified":"2021-12-16T10:36:16","modified_gmt":"2021-12-16T09:36:16","slug":"nfts-market-hits-22bn-as-craze-turns-digital-images-into-assets","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/12\/16\/nfts-market-hits-22bn-as-craze-turns-digital-images-into-assets\/","title":{"rendered":"NFTs market hits $22bn as craze turns digital images into assets"},"content":{"rendered":"

Critics of non-fungible tokens say they are symptomatic of unsustainable digital gold rush<\/p>\n

The global market for non-fungible tokens hit $22bn (\u00a316.5bn) this year as the craze for collections such as Bored Ape Yacht Club and Matrix avatars turned digital images into major investment assets.<\/p>\n

NFTs have drawn from veteran investors similar warnings to those issued about cryptocurrencies: that they are symptomatic of an unsustainable, digital gold rush. NFTs confer ownership of a unique digital item \u2013 whether a piece of virtual art<\/a> by Damien Hirst or a jacket to be worn in the metaverse \u2013 upon someone, even if that item can be easily copied. Ownership is recorded on a digital, decentralised ledger known as a blockchain.<\/p>\n

Continue reading…<\/a>
\nCritics of non-fungible tokens say they are symptomatic of unsustainable digital gold rush
\nThe global market for non-fungible tokens hit $22bn (\u00a316.5bn) this year as the craze for collections such as Bored Ape Yacht Club and Matrix avatars turned digital images into major investment assets.
\nNFTs have drawn from veteran investors similar warnings to those issued about cryptocurrencies: that they are symptomatic of an unsustainable, digital gold rush. NFTs confer ownership of a unique digital item \u2013 whether a piece of virtual art by Damien Hirst or a jacket to be worn in the metaverse \u2013 upon someone, even if that item can be easily copied. Ownership is recorded on a digital, decentralised ledger known as a blockchain. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Critics of non-fungible tokens say they are symptomatic of unsustainable digital gold rush The global market for non-fungible tokens hit $22bn (\u00a316.5bn) this year as the craze for collections such as Bored Ape Yacht Club and Matrix avatars turned digital images into major investment assets. NFTs have drawn from veteran investors similar warnings to those …<\/p>\n

NFTs market hits $22bn as craze turns digital images into assets<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":4074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4073"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4073"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4074"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4073"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}