BREAKDOWN: Are NFTs Just This Cycle’s ICOs?

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As musicians, celebrities and social media stars pile into the space, should we be getting concerned?

This episode is sponsored by Nexo.io and Casper.

On today’s episode, NLW looks at the explosion of interest in NFTs. Big money, big names, big problems?

He asks whether non-fungible tokens are this cycle’s initial coin offerings by looking at five different comparison points:

  • Inflated prices
  • Overpromises
  • Celebrity hype
  • Wheat-and-Chaff
  • Competition with bitcoin

So are NFTs just a new version of the ol’ ICO? Listen to find out.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Image credit: Beeple/Nifty Gateway

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