For the last few weeks, the wheels have been coming off for the cryptocurrency market. Major coins have imploded and crashed to zero, Bitcoin has dropped to lows it hasn’t seen for years, and billions of dollars of wealth have exited the market or been wiped out entirely. Despite this, NFT.NYC —a massive convention built around the now-floundering asset that is non-fungible tokens — is still chugging along. Billed as the “Super Bowl for NFTs,” this year it’s closer to what it would be like if the “This Is Fine” dog was a multi-day event.
Speaking of dogs: Did you hear Snoop Dogg was at the conference? That’s right, NFTs might be flatlining as activity in online marketplaces has dropped off by 90% from its peak, and digital art that once sold for millions of dollars is now going for a fraction of that, but the medium still has plenty of star power!
