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.

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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.

Image credit: Beeple/Nifty Gateway

 https://www.coindesk.com

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