Tristin Hopper: In 2021, many people had too much money and nowhere to put it
This advertisement has not loaded yet, but your article continues below.An image showing “land” parcels within the Decentraland map. The red dot is currently listed for roughly US$100,000.This list is going to feature quite a few non-fungible tokens , one of the more surprising financial trends of 2021. An NFT is basically a digital certificate guaranteeing ownership of an abstract commodity.
Super Mario 64, released in 1996, is one of the best-selling video games of all time. A quick glance through your local Facebook Marketplace listings could probably find a copy for between $5 and $20. Which is why, when a Super Mario 64 sold at auction for US$1.56 million in July, even the auction house said they were “The game was appraised as being in near-pristine condition . But a Super Mario 64 rated at 9.6 sold at the same auction for just US$13,200.
, it remains to be seen whether an extra 0.2 quality points will translate into an ability to hold US$1,546,800 of extra value.Article contentA cryptocurrency specifically created to mock cryptocurrencies Dogecoin is a cryptocurrency created in 2013 as a way to make fun of Bitcoin. That should be made obvious by the currency’s name — the “doge” being a popular internet meme of a Shiba Inu accompanied by multicoloured text purporting to illustrate the dog’s inner monologue.
At the start of 2021, a single Dogecoin cost only a fraction of a cent. But that all changed in the spring following a meteoric 6,000 per cent rise that instantly surged the total value of Dogecoin to more than US$40 billion; higher even than major companies such as Southwest Airlines. And the entire phenomenon may have been due to a wildly expensive joke among investors as to who was best able to fritter away money.
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