Microsoft giant Bill Gates commented on the current situation with the collapse of the cryptocurrency market. During his speech at the recent TechCrunch conference in California, Gates also criticized the NFT technology.
According to one of the richest men in the world, cryptocurrency projects such as non-interchangeable tokens are designed for "fools" and are one of the tools of financial fraud. Gates was also sarcastic about the popular NFT Bored Ape Yacht Club (BAYC) collection, which managed to gain cult status in a short period of time. According to him, it is obvious that digitized pictures of monkeys will help change the world for the better.
