NFT collapse

as auction with ask price of $48M ends with top bid of $280. About a one minute read.

Comment: we’ve talked about the collapse in NFTs before, now it seems all but confirmed. Its not clear how this all will shake out but we can look to the 2017 ICO collapse for insight; the name and game changed, and the intensity of activity fell. Highly likely we’ll see the same play out here. Question is, what’s the next Big Thing?

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A little more detail in this active Twitter thread; seems as though the seller is a twice convicted fraudster. Might partially explain the low price.