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From Trending to Falling Apart: A Reminder of the Importance of Blockchain Regulation
Hacker Noon July 1, 2022
It was only last month that I wrote about NFT projects and why they shouldn’t shy away from regulations. Not merely because NFTs represented a new class of digital assets (at least for the regulators) but also because of the fervour of hype that seemed to be pushing it into a sudden and inexplicable wave of adoption.
At least, that’s how it was just before the May terrors were visited upon the global economy, the effects of which reverberated around cryptocurrency. NFTs weren’t left out.
Lessons Repeated
Not long after that, we had the LUNAcy of Terra remind us about the fickle and precarious positions that any blockchain and crypto project must contend with. Things have happened and steps were...
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