Charlie Lee weighs in on the recent NFT craze

Charlie Lee weighs in on the recent NFT craze

According to Litecoin’s creator Charlie Lee, most NFTs are not as valuable as most people assume. Lee expressed his opinions on non-fungible tokens, aka NFTs, in a series of tweets last week.

The Litecoin boss started by defining what NFTs are. For clarity, OpenSea’s NFT Bible defines these classes of assets as “unique, digital items with blockchain-managed ownership.” Some examples of NTFs include “collectibles, game items, digital art, event tickets, domain names, and even ownership records for physical assets.”

According to Lee, an NFT of say a song or any other digital item is simply a certificate of authenticity. However, he opines that while the certificate may be worth something, “the majority of the value of owning a collectible is lost by switching the ownership from the actual collectible to its certificate of authenticity.”

Lee is not the only person with sentiments against NFTs. Bitcoin developer Jimmy Song recently published an article detailing why he sees no sense in NFTs. He wrote:

[NFTs] are tokens on some blockchain (usually ETH) that purports to represent a piece of art. This could be a video, picture, song, or anything else. The idea is that this mp4, jpg, mp3, or txt file can be made scarce by associating it with a token. Nothing associates the two except by convention. The token has no ability to unlock anything, it’s a representation, only because the artist declares that it does.

He went further to liken the recent craze to the ICO boom of 2017.

Check our guide of the most promising crypto

Read more

R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

sheridian, wyoming, June 17th, 2025, Chainwire R0AR has launched its decentralized finance (DeFi) platform that integrates token staking, liquidity provision, and NFT-based rewards into a single user interface. Designed to support long-term engagement, the platform streamlines participation while incorporating embedded security measures and time-based reward models. Streamlined Staking and Liquidity

By John Williams

Cropto Redefines Agricultural Investment with the World’s First Comprehensive RWA Token Family

Bringing agricultural investment to blockchain, Cropto tokenizes 20 major commodities, making real-world assets accessible, secure, and tradable 24/7 Cropto, the agri-fintech pioneer revolutionizing agricultural investment, is proud to introduce the world’s first and most comprehensive Agricultural Real-World Asset (RWA) Token family, enabling seamless, secure, and 24/7 investment

By John Williams