People are always looking for get rich quick schemes, especially when interest rates were minimal. NFTs was another application of the tech behind cryptocurrency, which was relatively straightforward “buy GPUs and electricity, get money” for a while. It helped that it was useful for speculation, crime, taking advantage of people who wanted easy money, mixed in with the reputation art has for moving money around.
People are always looking for get rich quick schemes, especially when interest rates were minimal. NFTs was another application of the tech behind cryptocurrency, which was relatively straightforward “buy GPUs and electricity, get money” for a while. It helped that it was useful for speculation, crime, taking advantage of people who wanted easy money, mixed in with the reputation art has for moving money around.