Experts on tech, politics and culture weigh in on the year the hype faded and what could come nextRemember 2022? Elon Musk had just been named Time’s Person of The Year, Marvel still ruled the box office, Tucker Carlson was the most-watched host on cable news and it seemed as if all of life was going to take place on the blockchain (the Staples Center...

In this week’s newsletter: in early 2022 ‘non-fungible tokens’ were a supposedly revolutionary million-dollar asset. Now, they’re practically worthless• Don’t get TechScape delivered to your inbox? Sign up hereA funny thing happened in Hong Kong earlier this month. Well, funny unless you were there.The annual ApeFest, where collectors of Bored Ape NFTs...

More than a dozen attenders of NFT group’s festival, which used ultraviolet light, complained of ‘eye burn’ on social mediaThe company behind the Bored Ape crypto art craze is looking into reports that people have been suffering from eye burn, extreme pain and impaired vision after attending one of its events, which was lit by UV lights.The ApeFest...

We only loved non-fungible tokens – now all but worthless – during a pandemic peak of online loneliness. What will the next craze look like?With last week’s report that 95% of them are now worthless, I think it’s just about safe to say that the NFT moment is finally over. Phew. There really was a six-week period at the start of last year when I thought...

Two years after tech trend that swept up artists and celebrities, researchers estimate 23 million people hold worthless investmentsTens of thousands of NFTs that were once deemed the newest rage in tech and dragged in celebrities, artists and even Melania Trump have now been declared virtually worthless.According to a new report by dappGambl that reviewed...

Report says people betting on prices of such assets ‘should be aware that all their money could be lost’UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament’s Treasury committee has said after a fresh inquiry into the industry.The government must avoid wasting more taxpayer funds promoting...