NFT.NYC events head to dive bars, apartment buildings as crypto crashes

NFT.NYC – a yearly crypto confab which even last year had displayed the decadence of a sector worth trillions – took a decidedly downmarket turn this week.

Since its inaugural run in 2019, purveyors of so-called NFTs, or non-fungible tokens, have spent millions on splashy events. They have hired celebrity DJs like Diplo and rented out pricey venues like the trendy downtown club Tao, the Dream Hotel’s rooftop PHD and the members-only club Spring Place.

This week, NFT.NYC – held Wednesday through Friday – has been more of a low-budget affair. Most events had multiple sponsors to share the cost and some events were held in free or inexpensive venues – like common space in apartment buildings or dive bars.

Source: NFT.NYC events head to dive bars, apartment buildings as crypto crashes