Litecoin creator draws parallels between 2021’s NFT and 2017’s ICO mania

Cointelegraph

Published Mar 02, 2021 10:22AM ET

Updated Mar 02, 2021 12:00PM ET

Charlie Lee, the creator of major cryptocurrency Litecoin (LTC), believes that the ongoing spike in popularity of the nonfungible token, or NFT, industry has much in common with the 2017 initial coin offering, or ICO, mania.

Lee provided at least five similarities between 2021’s NFT popularity and 2017’s ICO mania, also comparing both to the altcoin craze in 2013 in a tweet on Tuesday.

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