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NFT's, once hyped as the next big thing, now face »worst moment«

Bored Ape NFT graffiti in the Wynwood neighborhood of Miami in 2022. Bloomberg photo by Eva Marie Uzcategui
Bloomberg
Olga KharifBloomberg
James TarmyBloomberg

NFTs first crossed Daniel Maegaard’s radar in 2018. He started investing in the tokens in 2019 and by 2021 held hundreds of them, ultimately ranking among the world’s best-known and influential NFT collectors. Under the pseudonym Seedphrase, he accumulated millions of dollars’ worth of the crypto tokens and famously sold one for a cool $4.45 million…

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