[Haamsaaveni (Hamsi) Kumar]

Thank you Apolloniya! I agree that the valuation itself is not problematic but rather it is the use of NFTs as collaterals to other forms of instruments that is cause for concern. I agree that NFTs is unlikely to attract more conservative investors but if NFTs follow the same trend as Bitcoin and become more common amongst younger people (while still maintaining its high value), I might see NFTs becoming the new frontier in investments.

[Haamsaaveni (Hamsi) Kumar]

Thank you Will and yes to the supply and demand argument and perhaps to the NFTs benefit if that will make regulators focus on other high-valued forms of tech-based assets.

[Haamsaaveni (Hamsi) Kumar]

Facebook’s decision to dissolve its civic integrity is similar to when Google fired its AI researchers and it is part of a trend of’ethics-washing’ we are seeing with the Big Tech industry. This is also worsened by Haugen stating that Facebook has mislead investors in its SEC filings may open up Facebook to further regulatory investigations. Facebook is going to increase its lobbying efforts and work on its PR to spin its image again.

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