The cryptocurrency industry saw the rise and fall of FTX and new lows for some of the market’s leading currenciesEven by the standards of cryptocurrency, this has been a wild year. It started with British teenagers getting rich by making and selling NFTs from their bedroom and
Meanwhile, NFTs continue to dominate the news with Ukraine announcing it will issue NFTs to fund the war effort. It is the country’s latest step into a very modern method of war financing, following an earlier successful appeal for cryptocurrency donations, which raises £38m for the beleaguered country.
Someone else living with a constant reminder of the Luna crash is Mike Novogratz, founder of asset management firm Galaxy Digital. Having publicly showed off his Luna-themed wolf tattoo earlier in the year, that took up most of the top bit of his arm. On Twitter, the account’s name and pictures are changed to make it look like the official page of NFT collection “The Possessed”, leaving the Army with a drooling, decapitated cartoon character as its profile picture.