Crypto & NFTs
Would You Buy an NFT You Could Never Sell?
Soon—this will be a reality for cryptocurrency
Vitalik Buterin, Ethereum’s co-founder, is at it again.
In a recent blog post, Buterin wrote:
“A common criticism of the web3 space as it exists today is how money-oriented everything is. People celebrate the ownership, and outright waste, of large amounts of wealth, and this limits the appeal and the long-term sustainability of the culture that emerges around these items. There are of course important benefits that even financialized NFTs can provide, such as funding artists and charities that would otherwise go unrecognized. However, there are limits to that approach, and a lot of underexplored opportunity in trying to go beyond financialization.”
What Ethereum’s co-founder is referring to is the crypto and NFT communities’ increasing obsession with making money.
