By Staff Reporters
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An NFT is a digital asset that can come in the form of art, music, in-game items, videos, and more. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. They’ve been around since 2014.
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NFTs, the digital collectibles, are pretty much worthless now. Using data from NFT Scan, the crypto platform dappGambl found that 95% of the 73,257 Non Fungible Token collections (e.g., Bored Ape Yacht Club) it analyzed are worth 0 ether.
In other words, if NFTs were physical objects, it’d be time to put them on the same garage shelf with Beanie Babies. The report estimates that 23 million people are now the owners of worthless digital files. The crash is mainly for one S/D reason: There just isn’t enough demand to keep up with supply.
CITE: https://www.r2library.com/Resource
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Pharmacy giant Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report.
People familiar with the company’s talks with creditors told the Wall Street Journal that Rite Aid has proposed to close as many as 500 stores in bankruptcy, and either sell or let creditors take over its remaining operations. One group of bondholders wants to liquidate a larger number of stores, and there is an ongoing discussion on the number of stores to be closed, the Journal reported.
Given the conversations remain ongoing, no decisions have been made at this time, Rite Aid said in a statement to Reuters.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, Glossary Terms, Health Economics, Information Technology, Investing | Tagged: CBOE, crypto, crypto-currency, DJIA, DOW, NFT, NFT scan, Non Fungible Tokens, NSDAQ, Reuters, Rite Aid, Russell 2000, S&P 500, VIX, Wall Street Journal, WSJ |
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