Cryptocurrency News

18 ‘uncomfortable’ truths about nonfungible tokens

08/29/2022

Less than a minute

2022.08.29 18:54

18 'uncomfortable' truths about nonfungible tokens
18 ‘uncomfortable’ truths about nonfungible tokens

Nonfungible token (NFT) analyst and blockchain detective “OKHotshot” has highlighted his picks for 18 of the most “uncomfortable truths” about the NFT industry.

In a lengthy 20-part thread to his 45,000 followers on Twitter (NYSE:TWTR) on Aug. 27, OKHotshot laid bare many of the issues currently plaguing the NFT industry, including irresponsible celebrity endorsements, hacking, and the kinds of projects that are almost always destined to fail.

Most NFT investors will lose money

Majority of NFT projects fail

Celebrities and influencers clueless

08/29/2022

Less than a minute

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