![Cover image for The structure of the NFT market resembles a pyramid or Ponzi scheme, in which early adopters profit at the expense of those buying in later.[130] In June 2022, Bill Gates stated his belief that NFTs are "100% based on greater fool theory](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/1e2f0fd763ca2d5ac5aed6fdb59437d5c2dfb2b8232baf5d38fe96ebf80546a8.jpg)
The structure of the NFT market resembles a pyramid or Ponzi scheme, in which early adopters profit at the expense of those buying in later.[130] In June 2022, Bill Gates stated his belief that NFTs are "100% based on greater fool theory
The structure of the NFT market resembles a pyramid or Ponzi scheme, in which early adopters profit at the expense of those buying in later.[130] In June 2022, Bill Gates stated his belief that NFTs are "100% based on greater fool theory
