Crypto: what the "strange" world of unique tokens may indicate (translated from elliottwave com)

"Every market frenzy seems crazier than the last."
Crypto: What the
In the world of cryptography, there's something known asnon-fungible (unique) tokens thatare called the abbreviation NFT. If you are not familiar with them, they are a little strange, but quite simple. As noted in the April Global Market Perspective: "Investor mania has spread to non-fungible tokens, they pay large sums of money to portray something." More specifically, "a non-fungible token is a unique identification code that is attached to a [digital] asset using the blockchain to distinguish it from all other [digital] assets." Our April Global Market Perspective provided more information with these graphics and comments: Crypto: What the
The chart shows the dynamics of one of the most unusual collectibles, the non-fungible token (NFT), which first hit the market in December 2017... In addition to skyrocketing prices, NFTs have burst into the culture at large with tokens associated with everything frombasketball and football players before Passover and Saturday night live parodies.The climax of the madness was a "digital collage" of bizarre post-apocalyptic images called Everyday, which sold at Christie's on March 10 for $69.3 million.

Well, the NFT madness persisted as the May Global Market Perspective featured this NFT and noted: Crypto: What the
Paris Hilton, known for her fame, received an offer of $1111,211.00 for thisiconic Crypto Queen token [April 25].The absurdity of all this does not go unnoticed by everyone."Each market frenzy seems crazier than the last," saysAs for one of the latest developments, on June 10, Barron's showed this image under the headline "CryptoPunk Covid Alien Sold for $11.75 Million at Sotheby's Auction" Crypto: What the
The reason for pointing out the interest of investors in unique tokens is to highlight the level of financial mania that has been achieved.