The best of Unwrapped in 2021

Happy 2022! Grab that cuppa and settle in as we look back at the best explainers, investigations and analyses that Unwrapped delivered weekly to your inbox in the crypto-crazy, IPO-crammed, Musk-tastic year that was 2021.

Crypto scams and K-pop fans

BTS

Members of South Korean K-pop band BTS.

In February, we investigated a bizarre scam involving fans of K-pop band BTS, who call themselves ARMY. “What TF is happening with ARMY Twitter…”, a BTS fan had tweeted a few weeks earlier. That tweet was part of a thread which, in screenshot after screenshot, revealed what she believed was a plot to infiltrate the internet space of her fellow BTS fans—and then scam them senseless with phishing attacks.

NFTs are all the rage. Here’s why.

We first wrote about non-fungible tokens (NFT) in late February, days before Beeple’s now-famous NFT-backed jpeg sold for $69 million at a Christie’s auction, sparking a global craze. Fungible simply means interchangeable. NFTs are thus a type of crypto asset in which each token is unique. This makes them useless as a currency, but extremely useful as incorruptible certificates of authenticity for, well, anything.

Zomato’s IPO playbook

Zomato

Zomato’s cofounder and CEO Deepinder Goyal

After a hugely successful IPO, Zomato made a bumper debut on Dalal Street on July 23. After the stock closed at Rs 125.85 on the Bombay Stock Exchange, 65.59% higher than the issue price, we took a close look at Zomato’s IPO playbook and what helped make the food delivery…

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