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Amid the NFT craze, a builders' culture emerges on the blockchain

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When a single work of digital art, which will never hang on a physical wall, sells for $69 million at a Christie’s auction in March, or a picture of a routine column from a tech writer for the New York Times, which could be read online for free, is bought for an astounding $560,000, some perspective is desperately needed.
These prices were commanded in recent weeks as part of a current craze over nonfungible tokens or NFTs. The digital-only elements, existing solely on a vast network of computers that control the blockchain, have actually been around for several years. But when tens of millions of dollars are suddenly tossed around for something that only exists in cyberspace, it’s clear that a lot of people are taking a renewed interest in the evolving world of digital currencies. ....

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Crypto Pros Are Getting Tired of $79 Billion Dogecoin J...

The 28-year-old now runs a crypto data provider that counts Goldman Sachs Group Inc. among its investors. He’s lost access to a trove of Dogecoin that has surged roughly 200,000% since the token’s inception. But like many industry pros, these days he has little affection for the coin and has lost no sleep over his trapped profits.
“There’s this parallel industry of people that are just interested in running glorified bucket shops,” said Carter, co-founder of Coin Metrics based in Boston. “For most of us, we’re in this for ideological reasons. It doesn’t really affect us.” ....

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Why Dogecoin SpaceX DOGE-1 Keeps Price in Low Orbit

Why Dogecoin SpaceX DOGE-1 Keeps Price in Low Orbit
Last Updated: 12 May 2021
Elon Musk’s SNL hosting moved the Dogecoin price, but in the wrong direction, so can news of DOGE becoming the unit of account for space travel get the rocket motors going?
On Sunday it emerged that Geometric Energy Corporation, GEC for short, is partnering with Musk’s interplanetary space company SpaceX to launch its “DOGE-1 Mission To The Moon”.
The price of Dogecoin hit an all-time high as market participants looked forward to a mention sending the meme coin lasting past $1.00, but even before made his showing the price retreated and then crashed to as low as $0.42. ....

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Crypto pros are getting tired of the $79-billion dogecoin joke

Crypto pros are getting tired of the $79-billion dogecoin joke
Nic Carter’s first foray into digital currencies was mining dogecoin in his university residence back in 2013.
Created as a joke with the Shiba Inu dog breed as its logo, the meme-inspired token seemed more fun than bitcoin and its community of diehards.
The 28-year-old now runs a crypto data provider that counts Goldman Sachs Group among its investors. He’s lost access to a trove of dogecoin that has surged roughly 200 000% since the token’s inception. But like many industry pros, these days he has little affection for the coin and has lost no sleep over his trapped profits. ....

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Elon Musk Issues Crypto Warning Ahead of Expected Dogecoin SNL Skit

Elon Musk Issues Crypto Warning Ahead of Expected Dogecoin SNL Skit
After Musk’s tweet, Dogecoin went up from $0.57 to $0.59. Investors want Musk to send it “to the moon.”
In brief
Elon Musk said that crypto is promising, but one shouldn’t put their life savings in it.
He will host tomorrow’s Saturday Night Live. Speculators hope that’ll pump the price to $1.
Saturday Night Live.
“Cryptocurrency is promising, but please invest with caution!” Musk tweeted. Dogecoin rose from $0.57 to $0.59 immediately after the tweet. It now trades for $0.62.
Attached to Musk’s tweet is a video interview that online media outlet ....

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