Black Swan writer Nassim Nicholas Taleb criticized the NFT industry by sharing an example of a jackdawsy tweet NFT price plummeting from $2.9 million to $1.14. “As soon as the NFT market slumped, the price of many NFT collections fell, on average, by more than 90% from their peak,” said Taleb. “NFTs have no intrinsic value.
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Black Swan writer Nassim Nicholas Taleb criticized the NFT industry by sharing an example of a jackdawsy tweet NFT price plummeting from $2.9 million to $1.14. “As soon as the NFT market slumped, the price of many NFT collections fell, on average, by more than 90% from their peak,” said Taleb. “NFTs have no intrinsic value.