2021 saw a huge increase in price and popularity of Non-Fungible Token (NFT) which tracked the rise in cryptocurrencies and stock market and 2021 was the year that NFT’s became mainstream with celebrity endorsements. However in 2022, NFT’s have declined with cryptocurrencies and dropped in price and volume along with other asset classes as interest rates have risen. But there is wide potential use of NFT that has not yet been explored and it looks like NFT’s will stay as an asset class and a will have a major role in the digital asset ecosystem.
The latest US jobs report released on Friday by Bureau of Labor Statistics (BLS) showed that the US economy is close to regaining all of the jobs lost due to the pandemic with unemployment at 3.6% compared to 3.5% at Feb 2020
Background: This year prior to starting the war on inflation, the Fed published a paper asking for comments on a Fed coin or a CDBC