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The Weekend Read: Richard Cooke on NFTs and digital art

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The Art of Apes

B a y c was inspired by an nft project called crypto punks, and has in turn spawned its own menagerie of imitators and sub projects. The ballooning animal kingdom has been compared to the beeny baby bubble of the 19 nineties where fortune sank on ultimately unsalable plush toys. There are outright scams as well as delusions. In late 20 21, both the bawler ape and evolved ape n pt projects suffered multi million dollars so called rug pools, where their originators disappeared with the money. New york gallerus tod cramer was the victim of one of the first digital art hysts in history when fishing thieves stole 50 million dollars

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