Also, those portfolios didn't go down because of Biden and regulation. They went down because the hype bubble around NFTs completely evaporated once everyone realized that paying five figures for a picture of a monkey was incredibly stupid.
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Yeah, just a ridiculous amount of time and effort went into making NFTs a thing and it stopped because (a) the number of rug pulls got out of control and probably more importantly (b) AI became the new hot shiny tech toy that took all of the mid-to-high level tech investment.
The games industry is littered with the bones of failed companies that hitched their wagon to the NFT fad, and their failure came down to an absolute failure to discover an NFT game design that anyone but speculators cared about. It had nothing to do with regulation and oversight.
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