NFT Creators Stuck Between Crypto Crash, Profits
— Blockworks, Fiat value, Cost, Crypto, Integrity — 1 min read
Non-fungible token (NFT) creators are seeing a conflict related to the fall in crypto prices. They can either increase their mint price in crypto terms or face steep losses in fiat. Many creators are conscientious of ethical implications, with some avoiding raising the mint prices or the cost of making a digital collectible on a blockchain like Ethereum. NFTs have seen some optimism lately, though, as several marketing professionals speaking at New York City event said drops in the values of the digital collectibles could be a sign of health, some marketing pros say. “The future is incredibly bright,” Julian Holguin, CEO of 10,000-NFT-owner Doodles, said this could be “maturation progress” Source