World of Women confronts the limits of selling cartoon avatars on the blockchain after the crypto bubble burst. It was still summer, but “crypto winter” had descended—bitcoin and other cryptocurrencies had collapsed, wiping out some two trillion dollars in value since crypto’s market peak, in November, 2021. N.F.T. trading volume had fallen by more than ninety per cent since January. Selling cartoon women on the blockchain was no longer a sustainable business model.
Source: Yam Karkai’s Illustrations Made Her an N.F.T. Sensation. Now What?