Comment by @exoteric • Hey
Exactly. The first NFT rush was a PR disaster. $400k for a pixelated monkey? And the real problem is most people expected the price to go up fast. That’
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I don’t see anything wrong with a "pixelated monkey" going for $400K. People expected the price to rise quickly because that’s what others led them to expect I believe that, in general, this is not how collectibles work, but everything has its own cycle. We needed these crazy prices and the 2021 NFT craze to foster a healthier ecosystem and industry🌹