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Benzinga

Business

Samyuktha Sriram

UNBELIEVABLE: Could nfts go the terra luna way analysts flag concerns - Caught on Camera

LUNA Morgan Stanley Crypto

Analysts at Morgan Stanley have said that non fungible tokens (NFTs) could be the next area of concern in the cryptocurrency space following the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO: UST).

What Happened: In a research note seen by Benzinga, the bank’s equity strategists led by Sheena Shah pointed to NFTs and digital land as sectors to watch considering the high degree of speculation involved in trading them.

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