NFTs minted on FTX break: Nifty Newsletter, Dec. 7–13
Because of the “ridiculous amount” of NFTs being minted, entrepreneur Gary Vaynerchuck argued that it’s unlikely for another market boom to happen. In this week’s newsletter, read about how nonfungible tokens (NFTs) hosted on the FTX exchange are now showing blank images. Check out how NFTs can solve diamond certification fraud and how the NFT space is held back by oversupply. In other news, find out how celebrities are facing a class-action lawsuit. And don’t forget this week’s Nifty News featuring classic media player Winamp adding support for NFTs. NFTs minted on FTX break, highlighting Web2 hosting flaws NFTs hosted on the embattled FTX exchange have been affected by the collapse of the organization. After FTX filed for bankruptcy, its FTX.US domain was redirected to a page giving details on bankruptcy proceedings. Because of this, the NFT hosted within the platform are now showing blank images instead of their original artworks. Owners of the NFTs are still able to see that the ...