So a company in the NFT space known as Visionrare launched an open beta this past Wednesday.
Visionrare was to be known as a "fantasy startup investing" platform where real money is traded for fake shares in a real company, which is insane! A day after launching they found themselves announcing to all those who signed up as well as invested real currency into the platform that they were going to shut down and reopen as a free platform. The reasoning behind the shutdown was that legal issues were coming up that were not anticipated prior to the launch. This has to be to date the fastest an NFT or crypto platform has ever bombed!
I personally don't see the strength or validity in the concept considering many other crypto apps already provide a better alternative, such as stockbattle or RageFan. Nonetheless, we will continue to see projects such as this rise and fall throughout the space in the coming years. Hopefully, FOMO doesn't trap you in one of these cases. My personal motto is "DYOR over FOMO any day" to keep me from jumping the gun, hope this motto helps someone out!