The non-fungible token rush has seen every man and his Doge flock to the non-fungible market to cash in on the recent craze for tokenized collectibles. Even celebrities one would presume to have little engagement with crypto assets have been rushing to cash in, with the likes of John Cleese, Tony Hawk, Lindsay (NYSE:LNN) Lohan and Ja Rule cobbling together NFTs of varying artistic merit in recent months.
However, surging NFT adoption has led to public backlash over the perceived carbon footprint associated with crypto asset technologies.