Coinbase cryptocurrency co-founder: 90 percent of NFTs will be worthless over the next five years - Daily Mail
Jun 19, 2021 1 min, 31 secs

NFTs have shaken up the digital trading space this year, however one cryptocurrency expert is warning that 90 percent of their worth will plummet 'to little or no value over the next three to five years.' .

For those unfamiliar with the concept, non-fungible tokens, described as 'digital trading cards,' are a unique digital asset encrypted with an artist's signature and which verifies its ownership and authenticity and is permanently attached to the piece.

It allows 'original' versions of popular online content - like viral memes, sports highlights and tweets - to be sold as if they were physical pieces of art. .

NFTs allows 'original' versions of popular online content - like viral memes, sports highlights and tweets - to be sold as if they were physical pieces of art.

NFTs have quickly become the next big thing in the crypto world, with buyers being able to purchase a unique digital asset such as a sports highlight or even a tweet.

Most NFTs include some kind digital artwork, such as photos, videos, GIFs, and music.

At the moment, NFTs are most commonly sold in so-called 'drops', timed online sales by blockchain-backed marketplaces like Nifty Gateway, Opensea and Rarible. .

But the bubble is bound to burst, according to early cryptocurrency pioneer Fred Ehrsam, with the Coinbase co-founder giving NFTs three to five years before losing most if not all of their value

'I go so far as to say that 90% of NFTs produced, they probably will have little to no value in three to five years,' Ehrsam said in an interview with Bloomberg TV this week. 

Ehrsam got his start trading Bitcoin back in 2010 as a foreign exchange trader at Goldman Sachs before leaving the firm in 2012 to start Coinbase with Brian Armstrong, which went public in April at a whooping $100 billion valuation, according to Observer.  

1. Unvaccinated teen with COVID-19 put into a medically-induced coma as cases surge in Florida: 'This virus is not a joke' – she 'was 100% healthy' - Raw Story
Jul 27, 2021 # health 1 min, 18 secs
2. Air Purifiers, Dehumidifiers, and Air Quality Testers for Breathing Easier - WIRED
Aug 01, 2021 # technology 3 mins, 6 secs
3. COVID vaccines important as L.A. 'breakthrough' cases rise - Los Angeles Times
Jul 30, 2021 # health 2 mins, 54 secs
4. A woman turned down a COVID-19 vaccine because she was scared. She changed her mind after getting so sick she struggled to breathe. - Yahoo! Voices
Aug 02, 2021 # health 2 secs
5. Bob Dylan Wins Lawsuit Filed by Desire Co-Writer’s Estate - Pitchfork
Jul 31, 2021 # entertainment 50 secs
6. U.S. CDC calls for masks in areas of high COVID-19 transmission, even for fully vaccinated | CBC News
Jul 27, 2021 # breaking 1 min, 12 secs
7. Study: 20% of vaccinated health workers who test positive suffer from long COVID - The Times of Israel
Jul 28, 2021 # politics 44 secs
8. Here’s what that Google Drive “security update” message means - Ars Technica
Jul 28, 2021 # technology 1 min, 8 secs
9. Ron Popeil, the hypnotic TV pitchman Ron Popeil made a fortune hawking such offbeat yet oddly clever contrapt - Los Angeles Times
Jul 29, 2021 # entertainment 2 mins, 39 secs
10. Texas Gov. Greg Abbott Accuses Biden of Creating 'Constitutional Crisis' After DOJ Lawsuit - Newsweek
Jul 31, 2021 # politics 52 secs
11. Sinema meets with Biden as bipartisan talks teeter - POLITICO
Jul 27, 2021 # politics 49 secs
12. Austin health officials warn there are 16 staffed ICU beds left for 2.3 million residents as COVID cases surge - CBS News
Jul 31, 2021 # health 1 min, 5 secs
13. Cyberpunk Game The Ascent Might Be Blowing Up, But Multiplayer's Busted - Kotaku
Aug 02, 2021 # technology 57 secs
14. Believe It Or Not, This Off-Road Beast Is A Lamborghini Huracan - Motor1
Jul 28, 2021 # technology 38 secs
15. Ex-PlayStation Boss Shawn Layden Bemoans Consolidation's Effect On Diversity And Smaller Games - GameSpot
Jul 27, 2021 # technology 24 secs
16. There Could Be a New Explanation of Underground 'Lakes' on Mars, But It's Not Water - ScienceAlert
Jul 30, 2021 # science 54 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED