Motherboard: People’s Expensive NFTs Keep Vanishing. This Is Why

Motherboard: People’s Expensive NFTs Keep Vanishing. This Is Why. “Last month, Tom Kuennen, a property manager from Ontario, coughed up $500 worth of cryptocurrency for a JPEG of an Elon Musk-themed ‘Moon Ticket’ from DarpaLabs, an anonymous digital art collective. He purchased it through the marketplace OpenSea, one of the largest vendors of so-called non-fungible tokens, or NFTs, in the hopes of reselling it for a profit. ‘It’s like a casino,’ he said in an interview. ‘If it goes up 100 times you resell it, if it doesn’t, well, you don’t tell anyone.’ He never got the chance to find out.”

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