Nassim Taleb, author and philosopher of the cult “Black Swan”, said that in the midst of tightening, the immutable token market will explode. fed Money Politics.

“NFT is starting to explode. All it takes is higher interest rates to make meaningless things meaningless,” Taleb wrote.

He also pointed out that the NFT of Jack Dorsey’s first tweet, which Bridge Oracle founder Sina Estavi bought for $2.91 million in March 2021, started to lose value.

In April 2022, Estavi placed a token on the OpenSea platform. He planned to sell it for 14,969 ETH (about $48.3 million at the exchange rate at the time), but to no avail. The auction ended on April 13. The maximum bet per NFT is 10 ETH ($30,399).

In response to Taleb’s statement, blogger Matin Soudagar stressed that these results are “based on headlines” and are not supported by real facts.

“The main problem with headline inference is that you don’t have a perspective on the history of NFTs. [Сектор] It has existed since 2014, developed during the bear market (2018-2020), developed during the pandemic, developed during the industry turbulence. This is more than just Jack’s tweet,” Soudagar wrote.

Earlier, Taleb criticized bitcoin, calling it a “perfect game for losers” in an environment of low interest rates.

Recall that Amazon president Andy Jesse acknowledged the possibility of selling NFT on the company’s platform in the future.