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NFT Hype Surpassed ICO’s 2018 Peak in USA

The market for non-fungible tokens, more popular for their abbreviation, NFTs, is booming. It’s no secret that interest in it is growing, having many to believe that it’s in a state of a bubble.
Now, data shows that retail interest in NFTs has surpassed that for ICOs back in the peak of initial coin offerings in early 2018.
NFT Craze Surpassing ICO Madness
Those who’ve been here long enough are aware of how crazy the market was back in the second half of 2017 and early 2018. Major cryptocurrencies were booming, but that’s not what made the market mad.
Initial Coin Offerings (ICOs) were all the rage. Random projects would write a whitepaper and a put up a quick template-based website, promising to develop yet another piece of “revolutionary blockchain technology” and ask money from investors in exchange for their native coin. The wide majority of these coins were issued on Ethereum’s ERC20 protocol standard.
Investors would flood the market, buying the “next big thing” after the “next big thing.” The coin would then get listed on an exchange moon, and investors would profit. At least those who sold did manage to realize some profit. Those who bought in the promises, well, most of them, are probably still holding their bags.
The ICO madness has long passed away. Now, though, there’s a new hype – non-fungible tokens (NFTs), and everyone is eager to participate in what’s promised to be the future of digital collectibles.
The interest in …
Story continues on Crypto Potato

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