Cryptocurrencies similar Bitcoin and Dogecoin deed all-time highs past year, but 2021 was the twelvemonth of the nonfungible-token. Over $25 billion was spent connected NFTs past year, a fewer cardinal much than was taken successful astatine the global movie container office. Despite -- oregon due to the fact that of -- that awesome figure, a stigma surrounds NFTs. Most radical are either confused by the startling prices NFTs fetch oregon are convinced they're an elaborate hoax, a scam waiting to collapse. Critics respect NFT buyers arsenic suckers who walk wealth connected JPEGs they could simply "right-click-save" for free.
That refrain won't beryllium excessively close for long. In 2022, for bully oregon for ill, NFTs are evolving.
On Tuesday the creators down the Bored Ape Yacht Club NFT collection, Yuga Labs,