OpenSea collector ‘pulls the rug’ on NFTs to highlight arbitrary value

The most expensive single NFT ever sold went for $6.6 million in February. A crypto artist known as “Neitherconfirm” recently listed 26 nonfungible tokens, or NFTs, for sale on OpenSea’s digital marketplace. Things took an unexpected turn earlier Tuesday, however, after the artist changed the images associated with each token from computer-generated portraits into photos of literal carpets. The pieces, which originally featured people and animal faces in a seemingly stained-glass style, are now nothing more than an expensive metaphor for why you can’t trust the store-of-value proposition of any asset […]
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