• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

Types, Use Cases and Why They Matter

2025-05-24

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    Types, Use Cases and Why They Matter

    2025-05-24

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21
  • Market Cap
  • Shop
Crypto Semantic
Home»NFT»Black Swan Author Slams NFTs as Jack Dorsey’s Tweet NFT Receives $1.14 Bid After Being Sold for $2.9 Million in 2021
NFT

Black Swan Author Slams NFTs as Jack Dorsey’s Tweet NFT Receives $1.14 Bid After Being Sold for $2.9 Million in 2021

2023-07-20Updated:2023-07-24No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

On the microblogging platform Twitter Nassim Nicholas Taleb, the favored creator of the groundbreaking ebook “Black Swan,” criticized the burgeoning non-fungible token (NFT) business, stating the unbelievable drop in worth some tokens have had since their peak.

By means of his tweet, Taleb launched a potent barrage of criticism towards NFTs, asserting their suboptimal standing as an funding alternative. He attributed this to their inherent absence of intrinsic worth coupled with the escalated diploma of speculative habits they promote.

Taleb’s tweet was in response to 1 posted by one other person that highlighted the preliminary tweet of Twitter’s co-founder and present CEO of Block Inc, Jack Dorsey was bought as an NFT for a staggering $2.9 million in March 2021, whereas its most up-to-date bid stood at a comparatively meager $1.14.

One signal of psychological deficit is “investing” in NFT. The issue is that it was apparent 2 years in the past.

h/[email protected] https://t.co/aB0ylIVDko

— Nassim Nicholas Taleb (@nntaleb) July 19, 2023

Taleb’s scathing criticism comes amid a considerable downturn within the NFT market, with the typical sale worth of those tokens having falling over 90% from its peak in varied instances. Taleb had, again in April, stated that the “NFT thingy” was “beginning to burst.”

Dorsey’s first tweet, after being transformed to an NFT, initially attracted a bid of $2.5 million, however after being put again on sale in 2022, its asking worth was $47.7 million.

Whereas the NFT market has been contracting, the cryptocurrency market has been recovering. Ethereum, one of the vital poular community on which NFTs are issued, has lately risen to check the $2,000 mark, and a preferred analyst has lately revealed he sees an upside potential of practically 60%.

See also  The Rise and Fall of GameStop's NFT Marketplace

As CryptoGlobe reported, institutional buyers are seemingly more and more turning to cryptocurrencies, as crypto funding merchandise have lately seen a major inflow of funds, with merchandise specializing in Bitcoin, Ethereum, and XRP main the pack.

Ethereum’s internet flows year-to-date stay adverse, with buyers shifting $63 million out of those merchandise up to now this 12 months. Equally, merchandise specializing in a number of digital belongings have seen $200,000 of inflows final week, however $35 million of outflows all through this 12 months.

Featured picture by way of Pexels.

Source link

Author bid Black Dorseys Jack Million NFT NFTs Receives Slams Sold Swan Tweet
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase users lose $46 million to social engineering scams in March

2025-03-28

FBI initiative saves thousands from crypto scams, recovers $285 million

2025-02-13

Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns and victim resistance

2025-02-05

All Eyes on Art: Upcoming Collections to Watch the Week of January 28

2025-02-03
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Bitcoin

$100K or $150K as a Bitcoin high? Here’s what Mike Novogratz thinks

2024-03-01

The value of Bitcoin [BTC] breaching the $60,000 mark has ignited hypothesis amongst crypto fanatics…

NFT

Louis Vuitton, Pharrell Reveal ‘Speedy’ Bag NFT with IRL Claim

2023-07-18

Practically 93 years after its creation, Louis Vuitton’s iconic Speedy bag has been reimagined as…

NFT

Bitcoin Ordinals Traders on Magic Eden Will Get NFT Token Airdrop

2024-03-07

The upcoming airdrop of the “NFT” token by the Non-Fungible DAO will probably be supplied…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Chainlink Accelerates Adoption with 10 Integrations across Multiple Chains

2024-04-22

US Banking Giant Accused of Refusing To Reimburse Customers, Denying Millions of Dollars in Fraud Claims ‘Without Any Explanation Whatsoever’

2024-06-22

Court Rules Sam Bankman-Fried Will Remain In Jail Through Trial, Here’s Why

2023-09-29

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,932.000.23%
  • ethereumEthereum(ETH)$2,553.47-0.34%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.35-0.08%
  • binancecoinBNB(BNB)$676.031.61%
  • solanaSolana(SOL)$177.13-1.19%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 108,935.19
ethereum
Ethereum (ETH) $ 2,553.56
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 676.22
solana
Solana (SOL) $ 177.16
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.227111
cardano
Cardano (ADA) $ 0.754378
tron
TRON (TRX) $ 0.271087