Business

Crypto and NFTs, according to Bill Gates, are “100% based on greater fool theory”

Cryptocurrencies and non-fungible tokens do not appeal to Bill Gates. The billionaire Microsoft co-founder described the phenomena as “100% based on greater fool theory,” referring to the premise that overvalued goods will rise in price when enough investors are prepared to pay more for them, at a TechCrunch talk on climate change on Tuesday. Gates…

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Entertainment

Coachella will sell lifetime passes to its annual festival via NFTs

Coachella will offer lifelong passes to its annual festival via NFT, hopping on the crypto bandwagon. The music festival inaugurated an FTX US-built NFT marketplace today, with three collections of NFTs going on sale on February 4th. The Coachella Keys Collection, a group of ten NFTs that grant wearers lifetime access to the festival, will…

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