UK Politicians Explore the Metaverse as Mainstream Media Declares NFTs Worthless: Nifty Newsletter by Cointelegraph

This week’s newsletter highlights insights from Glassnode data indicating that the non-fungible token (NFT) protocol, Ordinals, is likely not overwhelming the network. It also covers a meeting of British politicians who utilized the metaverse to address the opportunities and challenges presented by Web3 technology. Additionally, an article from Rolling Stone suggests that NFTs may now be deemed “finally totally worthless.” Don’t miss this week’s Nifty News, featuring renowned artist Takashi Murakami, who has hinted that he might not release any more NFTs.

On September 20, politicians in the United Kingdom convened in the metaverse to outline a vision for the nation’s Web3 and blockchain sector. The event was attended by eight British Lords and various politicians and global leaders who discussed the potential benefits and challenges posed by the expansion of Web3 technology.