Marker
Published in

Marker

Money Talks

Why the NFT Craze Is a Bubble Waiting to Pop

The latest collectible boom is fueled by speculators, not enthusiasts

An illustration mock-up of a phone with an Ethereum “coin” in a Bubble-Bobble style game design. The coin is pointed at a variety of bubbles that contain different art icons or internet memes.
Illustration: Quickhoney for Marker

If every era has its quintessential collectible, something that speaks to the historical moment and becomes a seeming route to riches, ours is clearly the “non-fungible token” (or NFT). Over the past year, NFTs — which include…

--

--

--

Pop business for the intelligent reader. A publication from Medium.

Recommended from Medium

Global Steering Group coming to Chicago, Swiss Re all in on ESG, impact fund raises, artists as…

10 Basic Economic Principles

10 Basic Economic Principles

A Growing burden for women of the ‘Sandwich Generation’

Opportunity zones, Big Society’s community fund, credit in Brazil, Kenya’s impact glut

How the Journey to Self-Reliance is Changing the Way USAID Works

Debt Funds and Liquid Funds: Looking Beyond Equities

The WholoMid

The Case for Investing in China

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
James Surowiecki

James Surowiecki

I’m the author of The Wisdom of Crowds. I’ve been a business columnist for Slate and The New Yorker and written for a wide range of other publications.

More from Medium

What Are NFTs? The Crypto-Art That Is Changing The World Forever

How Does This Noble Family Maintain 20,000 Cultural Objects? With NFTs, of Course

Decision on solar metering rules: Utilities vs. rooftop solar customers

“It’s okay to take profits and not hodl forever.”