Business News

NFTs, an overblown speculative bubble inflated by pop culture and crypto mania

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra

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Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens, the blockchain-based means to claim unique ownership of easily copied digital assets.

The latest NFT mania involves fantastic amounts of money being paid...

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