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NFTs Spark Debate: Expression or Bubble?

NFTs are dividing opinion. Some see them as a valuable form of expression, while others question their worth and compare them to past market bubbles.

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2 min read
In this picture we can see a market, in which we can see some stoles and we can see few people are...
In this picture we can see a market, in which we can see some stoles and we can see few people are around.

NFTs Spark Debate: Expression or Bubble?

The cryptocurrency and NFT (Non-Fungible Token) market continues to spark debate and curiosity. While some view NFTs as a valuable form of expression, others question their worth and compare them to past market bubbles in the stock market today.

Max Lautenschläger, co-founder and CEO of Iconic Holding, has labelled NFTs as a buzzword, likening them to the Initial Coin Offering (ICO) hype of the past. Meanwhile, Pokémon sets have been known to fetch staggering prices, with some collections reaching up to 300,000 euros on special marketplaces in the stock market.

Henning Wagner, CTO at FINEXITY AG, finds it challenging to pinpoint the value of NFTs, stating that they are more about expression than intrinsic worth, with their value largely determined by current trends, or 'zeitgeist'. This perspective is echoed by Jakob Wirth, who relates the value of NFTs in the stock market to believing in the story behind them.

Michael Geike, board member of Advanced Blockchain AG, remains excited about the technology behind NFTs despite the current hype in the stock market. The cheapest Cryptopunk, a small pixelated image, is currently priced at over 80,000 US dollars, highlighting the vast range of NFT values in the stock market today.

Upcoming podcast episodes will delve into these topics. The next one will explore whether Bitcoin is truly a climate sinner, while part 4 will discuss ESG (Environmental, Social, and Governance) factors in the stock market.

As NFTs continue to make headlines in the stock market today, their value and significance remain a topic of debate. While some see them as a valuable form of expression, others question their worth and compare them to past market bubbles in the stock market today. Upcoming podcasts aim to shed more light on these issues in the stock market today.

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