FTX Arena - Failure Museum

FTX Arena

In March 2021, FTX acquired the naming rights to Miami Heat's arena in a $135 million, 19-year agreement. As part of the 2022 bankruptcy of FTX, the naming rights agreement was terminated effective January 2023 and is now named Kaseya Center. FT ...

NFT - Failure Museum

NFT

As of 2023, 95% of NFTs are worthless. NFT stands for “non-fungible token”, and essentially means that you can buy a code that says you own a digital asset, which is then stored on the blockchain, a centralized public transaction ledger. There was ...

FTX - Failure Museum

FTX

FTX, one of the world’s largest cryptocurrency exchanges, once valued at $32B in January 2022, scammed billions from crypto-currency users. The company had built its business on risky trading options that are not legal in the U.S. It was discovere ...