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I work in crypto and know a lot of crypto-wealthy. Crypto Punks are truly a symbol of wealth, like a high-end watch. There may be money laundering in NFTs (just
by seibelj 5y ago
I work in crypto and know a lot of crypto-wealthy. Crypto Punks are truly a symbol of wealth, like a high-end watch. There may be money laundering in NFTs (just like in the art market) but there legitimately are collectors and those preparing for a potential future of digital metaverses where NFTs could be worn, displayed, etc.
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A lot of the volume comes from games that use NFTs for assets (like Axie Infinity and Loot). I foresee more games using NFTs.