A Fool’s Game: Bill Gates criticizes the intangible value of NFTs

06/15/2022

Less than a minute

2022.06.15 18:11

A Fool's Game: Bill Gates criticizes the intangible value of NFTs
A Fool’s Game: Bill Gates criticizes the intangible value of NFTs

Tech billionaire, and currently the world’s fourth-richest person, Bill Gates, spoke at the TechCrunch Climate Change conference Tuesday about the progress society has made in supporting the climate movement, his assessment of current global economics, alongside his skepticism of nonfungible tokens (NFTs).

The NFT market has closely correlated the tumultuous financial decline of cryptocurrencies over the past few months, as previously sought-after collections resort in the vicinity of 60%–80% reductions in value. As a result, cynical attitudes have emerged to dominate the industry narrative.

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06/15/2022

Less than a minute