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