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 ...