Millions is more like Pennies when reflecting in crypto. Millions of BTC is lost every day in missing/forgotten keys.
That is one thing if you lose money because of your forgetfulness. Another is when your "bank" or financial institution does it for you....
The right hand side of that chart looks worse than my brokerage account, and that's saying something.
It is stupidity all the way down... Digital vinyl NFT: But wait, there is more: https://screenrant.com/lotawana-first-ever-movie-sold-as-an-nft/
Even NYSE has decided to jump on that bandwagon - the New York Stock Exchange (NYSE) it has officially applied to register as marketplace for NFTs, crypto products, and metaverses. I don't get it.
The value of NFT is only understood by the one who has created it and the other who buys it. For the rest of us, it’s a stupidity. To be honest, I’ve come across one argument that can justify buying this digital art for millions of dollars.
We understand the value just right, it is close to zero. Now the reasoning behind the purchase, that can be known only by the buyer. It could be money laundering, tax avoidance gift, etc.