The Rise and Fall of NFTs and Cryptocurrencies

This chapter explores the phenomenon of NFTs and cryptocurrencies, focusing on the craze surrounding a collection of ape images as NFTs and the subsequent burst of the crypto bubble. It discusses the high costs, celebrity involvement, venture capitalist investments, and the underwhelming experience of attending an apes-only festival. The chapter emphasizes the importance of real-world utility in technology and reveals the existence of fraudulent companies in this space.