NFT Criticism Heightens: Skeptic Calls Tech a ‘House of Cards,’ Claims NFTs Will be ‘Broken in a Decade’
On the week of March 7 through the 13th, the term “NFT” touched an all-time record high in terms of popular search queries according to Google Trends (GT). The highest score is 100 and this week, GT shows interest has dwindled a hair down to 97. Meanwhile, while the NFT hype affects the cryptocurrency and blockchain community, not everyone is thrilled with this technology. Some critics think NFT tech needs to be more robust in order for collectibles to last more than a decade without them disappearing. The Rift Between NFT Hype and NFT Criticism Over the last few weeks, the NFT craze has jumped to new levels as people have sold artwork for millions of dollars, unique audio recordings of farts have been tokenized , and even blockchain-backed signature dance moves are NFTs. And of course, by now everyone has heard about Beeple, the digital artist who sold an NFT via Christie’s auction house for a whopping $69 million . This sale propelled NFT mania to new heights, and Christie’s auct