"A massive 40,000-word report on cryptocurrency that appeared on Bloomberg stirred some controversies."
"According to the article written by journalist Matt Levine, 'every web3 project is simultaneously a Ponzi scheme,' as most tokens are purchased with the purpose of selling them for a higher price, and not because the buyers want the product. According to Levine, the NFT is technologically weak, there's a general negative sentiment about the tokens, and legal grounds of ownership are concerning, considering that buying an NFT buys you a notation on the blockchain, giving you the ownership of a web server and not the token itself."