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NFTs dropping massively in price is very unsurprising. but what is an extra bonus is that it seems like it might take the term "Metaverse" with it. (see: forbes.com/sites/paultassi/2022/03/10/interest-in-nfts-and-the-metaverse-is-falling-fast/) @DougHenwood/1503458126548422662Permalink Look on archive.org
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incidentally, Tether (which anchors a lot of the price of Bitcoin, Etherium & the broader crypto space) is vulnerable to a crash in price should enough Chinese real estate loans default. which was already pretty shaky (see Evergrande), but now... @business/1503703576782192642Permalink Look on archive.org
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some details on the Tether - Chinese real estate link here: bloomberg.com/news/articles/2022-03-11/hedge-fund-fir-tree-bets-big-with-short-of-stablecoin-tetherLook on archive.org