Crypto is seemingly everywhere this year. The total market cap of all cryptocurrencies is still above $US2 trillion ($2.8 trillion) despite some recent losses. Last year, people spent more than $US44 billion on non-fungible tokens, or virtual ownership rights on digital objects – an amount that approached the total size of global art and antique sales in 2020. The notion of “Web 3.0” has firmly attached itself to crypto in the past year or so.

Bloomberg Opinion