The biggest problem with DeFi isn’t what you think By Cointelegraph

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In this week’s newsletter, read about how nonfungible tokens (NFTs) hosted on the FTX exchange are now showing blank images. Check out how NFTs can solve diamond certification fraud and how the NFT space is held back by oversupply. In other news, find out how celebrities are facing a class-action lawsuit. And don’t forget this week’s Nifty News featuring classic media player Winamp adding support for NFTs.

NFTs hosted on the embattled FTX exchange have been affected by the collapse of the organization. After FTX filed for bankruptcy, its FTX.US domain was redirected to a page giving details on bankruptcy proceedings.