NFTs, Cryptocurrencies and Web3 Are Multilevel Marketing Schemes for a New Generation

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NFTs, Cryptocurrencies and Web3 Are Multilevel Marketing Schemes for a New Generation
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There’s a paradox at the root of the growing crypto ecosystem—a disconnect between the technology and the economics

Do terms like “nonfungible token,” “minting,” and “gas fees” sound like a foreign language to you? To better understand it -- and explain it -- WSJ’s Joanna Stern turned her son’s art into an NFT on the Ethereum blockchain.

Photo illustration: Jacob Reynolds
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