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Fortune

Ben Weiss

RECUR, once worth more than $300 million, is just the latest NFT venture to crash and burn

NFT Hello Kitty Nickelodeon Paramount Pictures Jessica Mathews Michael Steinberg SEC Crypto

Times Square billboards display colorful images of an ape NFT (Credit: Noam Galai—Getty Images)

Good morning! (Or GM, for all those in crypto.) Ben Weiss from Fortune Crypto here, filling in for Anne Sraders and Jessica Mathews.

Crypto is still chilly, and this applies even more so to non-fungible tokens, those buzzy digital collectibles that auction houses like Christie’s were once selling for tens of millions of dollars.

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One subscription that gives you access to news from hundreds of sites

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