CRYPTO WATCH

Do NFTs have any value at all?

The key to the value of NFTs lies in what they actually provide - the claim to authenticity. Whether or not that’s worth today’s market prices is a different matter.

Bored Ape Yacht Club #4418, one of a set of 10,000 non-fungible tokens (NFTs) representing cartoon apes, made by the U.S.-based company Yuga Labs is seen in this image created in the digital space, May 1, 2021. Image created May 1, 2021. Property of Nexo/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT VIA REUTERS
The CryptoPunks page on Opensea app is displayed next to non-fungible tokens (NFTs) of the CryptoPunks collection by Larva Labs shown on its website, in this illustration picture taken March 25, 2022. REUTERS/Florence Lo/Illustration##########mlnft28########## REUTERS

Genping Liu

Published Sun, May 8, 2022 · 03:49 PM

MY first exposure to Non-Fungible Tokens (NFTs) was back in 2017, when I chanced upon a blog post by Fred Wilson featuring the RarePepe project. I was immediately hooked by this novel concept and decided to get my hands dirty, enduring the then-cumbersome trading processes.

After hours of research, I ended up using a small and obscure Canadian exchange to speculate on Pepe Cash for a bit, before throwing in the towel due to both technical challenges and the small ecosystem around counterparty blockchain. Over the years, I have also dabbled in Crypto Kitties amongst other NFTs, but largely in the role of an observer. It’s fascinating to witness first hand the development of the concept and surrounding ecosystem. I could not have, back in 2017, imagined the kind of global obsession with NFTs that has beset the world today.

Gravity-defying market

Crypto Watch non-fungible tokens (nft)Cryptocurrencies

TRENDING NOW

Alice Huang has been in the news since allegations emerged that she had gathered information for Beijing through a “close relationship” with Jensen Huang.

Singapore bars Alice Huang, woman tied to affair with Nvidia’s Jensen Huang, for misleading police

Huang and Kimberly Powell were captured on video being affectionate at a hotel in San Jose, California, during an Nvidia conference in March, said NYT.

Nvidia prepares to oust Jensen Huang after news of second affair, with executive: reports

The Philippine economy has expanded by only 2.3% in Q2, its fourth consecutive quarter of deceleration.

Higher rates, weaker spending: Is the Philippines entering stagflation?

Bryan Batista, Skyscanner’s CEO, predicts that AI products will become an increasingly prominent revenue generator.

Demand, tech capabilities position Apac and AI as Skyscanner’s next growth frontiers: CEO Bryan Batista