Crypto Can Be A Ponzi Scheme
So far, NFTs have been widely used to present ownership of unique items such as music, videos, photos, paintings and other works of art. That is why many celebrities are involved in this business.
The phenomenon of crypto money that has been rife lately is not in line with the conditions in the cryptocurrency market.
A number of cryptocurrency (crypto) based investment products have recently emerged that involve many celebrities. The value of one of the tokens released by a celebrity, for example, fell sharply after the Commodity Futures Trade Regulatory Agency (Bappebti) banned its circulation, but then it rose sharply after the agency clarified its move. Celebrities play a key role in making the product popular with the public.
In addition to crypto tokens, the digital asset that has gained a popularity is the non-fungible token (NFT), a proof of ownership of goods traded with crypto assets. So far, NFTs have been widely used to present ownership of unique items such as music, videos, photos, paintings and other works of art. That is why many celebrities are involved in this business.