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An NFT is a unique, blockchain-verified token that proves ownership of a specific digital item — art, collectible, in-game asset or membership. Here's how they actually work, and where the hype broke from reality.
Anand Gomes blames weak regulation for a token-launch model built around founders dumping on retail, not shipping product — a critique landing as the cycle digests another wave of post-TGE drawdowns.
The YC partner's ETHConf framing reframes crypto as invisible infrastructure — the same playbook payments, cloud, and GPS followed on the way to ubiquity.
The argument lands at Consensus Miami while BONK itself is testing the rails Nom says other memecoins skip — a Nasdaq-listed treasury, a 2x leveraged ETF filing and public-company allocations that…
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