NFTs had a frenzy in 2021, with sales surging to $25 billion, prompting a Dallas software developer to use the cash grab to wipe away millions in debt for lower-income families.
“People were making stupid amounts of money in the space,” said Joshua Lapidus, whose day job is at Denver-based Opolis, a technology company that helps manage health benefits and payroll for independent workers.
The medical debt project took form last fall in the way a lot do in the crypto space — through a group chat, which Lapidus started with blockchain experts he knew. They landed on a unique theme for their non-fungible tokens — toilet paper — to poke fun at how people were buying anything if it was an NFT. About 70% of the funds would go to charity.
