The Metaverse and NFT Boom Is About to Go Bust

The world is already getting bored of the apes

Photo: Bored Ape (Edited by author)

Over a year ago, the landscape of the online world was altered forever when Beeple’s ‘Everydays — The First 5000 Days’ digital artwork sold at a first-of-its-kind auction for $69,346,250.

While digital art wasn’t a new concept, the medium had struggled to establish itself because…