Jan 26, 2023 11:00 EST
BOULDER, Colo., January 26, 2023 (Newswire.com)
The NFT market turmoil is palpable. Rampant speculation, a slew of bad actors, and technical knowledge barriers form a perfect storm of confusion. But at the eye of this storm is the question: Are NFTs the latest Ponzi scheme or a new asset?
Skry believes NFTs represent the latter: a new form of digital-native asset. While confusion and skepticism exist, the idea of a digital collectible will be commonplace. Skry looks to examples like the Reddit CryptoSnoos NFT launch as indicators of where NFTs are heading. A series of NFTs termed “digital collectibles” took off among a decidedly anti-crypto audience. When you peel back misinformation and layers of…