06-05-2022 13:28 via theguardian.com

NFTs: the great rush may be over – but are they in actual decline?

Jack Dorsey’s first tweet sold for $2.9m in 2021 then could not get past $14,000 at auction last month. But some projects have thrivedIt was described as the Mona Lisa of the digital world and it came with a connoisseur’s price tag: $2.9m (£2.4m) for the first tweet by Twitter’s co-founder. This was March 2021 and non-fungible tokens, or NFTs, were bursting into the mainstream.One year on, an attempt to sell on Jack Dorsey’s Twitter debut for $25m was pulled after a
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