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When an industry loses 2tn dollars some questions need to be asked. After the crash of crypto comes the rebuilding. Over eight episodes, Crypto IRL, asks: what went wrong? How does the industry rebuild? And what will the future look like? As regulators move in and consolidation appears to be taking hold – how far from its original ideals will crypto stray and who will be the winners and losers?
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Tanzeel Akhtar and
Sidhartha Shukla
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Almost a year after the nonfungible token (NFT) frenzy crested, demand for the digital certificates of ownership has evaporated. Sales have dropped to the lowest level since July 2021 — back when OpenSea was the only trading venue among the top five to have opened. One bright spot: Magic Eden, the only one among five marketplaces tracked by DappRadar to record an increase in sales volumes from the prior month.
