How NFTs Live On as the Investment Promise Fizzles: Crypto IRL

The chief experience officer at the crypto hardware wallet firm Ledger has a message for NFT haters: Eventually you’ll be dead.

(Bloomberg) — The chief experience officer at the crypto hardware wallet firm Ledger has a message for NFT haters: Eventually you’ll be dead.

Ian Rogers says that the concept of nonfungible tokens makes sense to a younger generation – those who spend hours glued to screens, live online, and attended school virtually at the height of the pandemic. 

“It’s not a foreign concept,” he told us in the most recent episode of “Crypto IRL.”

Emily Yang, the artist known as pplpleasr, sees NFTs as a reflection of society and that they will be collectibles the way vinyl albums once were.

NFT skeptics, though, urge caution. John Reed Stark, a former SEC enforcement attorney, says the entire concept is a ludicrous ripoff.  “It’s a giant scam,” he said. “It’s a giant Ponzi scheme.”  

Tune in to a new episode of Crypto IRL on Thursdays at 8:30 p.m. New York time on Bloomberg Quicktake, and Friday at 8:30 p.m. on Bloomberg TV. And it’s always streaming at bloomberg.com/qt/series/crypto-irl. 

 

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