The economics behind NFTs: Why celebrities such as Justin Bieber and Gwyneth Paltrow pour millions into Bored Apes
Mention NFTs and people get all defensive. Self-proclaimed evangelists of non-fungible tokens say “it’s a generational thing”, meaning anyone who is shocked by the millions spent on cartoon images of an ape is simply old. The names of the NFTs seem to invite ridicule. Are collectors zombies who ape the actions of others out of sheer pandemic-induced boredom? Yet values...
Source: asiaone.com