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The great NFT sell-off: has the digital collectibles craze hit its peak?

Internet collectibles ranging from cartoon apes to artsy doodles have plunged in value as real-world conflict and a broader cryptocurrency slump begins to unwind one of the past year’s biggest speculative frenzies. Digital items known as non-fungible tokens burst into mainstream culture last year, as several animal collections including Bored Ape Yacht Club, Cool Cats…
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11 March 2022 0

Electric vehicle maker Rivian halves 2022 production outlook

Shares in Amazon-backed electric vehicle maker Rivian slid late on Thursday after the company warned supply chain problems would halve its production capability to 25,000 units this year. Rivian told investors the supply chain would be a “fundamental limiting factor” and predicted its production potential had dropped from what could have been 50,000 vehicles in…
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10 March 2022 0

Why the US didn’t carpe Diem

This article is an on-site version of our #techFT newsletter and is usually available only with a Premium subscription. Are you currently a Standard subscriber? Click here to switch your subscription to Premium. Not yet a subscriber? You can take out a Premium subscription here President Biden’s wide-ranging executive order on the crypto industry issued…
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10 March 2022 0

What is the true value of a tree?

If you walk down Northumberland Avenue in central London on a hot summer’s day, you’ll be basking in the shade of London plane trees (Platanus hispanica) planted in 1876. As well as improving the appearance of this historical street, these trees help with storm water attenuation, store carbon, improve air quality, provide shade for humans…
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10 March 2022 0