You own $ 200,000 worth of real estate and $ 6 million worth of art, but only online. Are NFTs new class division?

Image of an NFT artwork created by musician Grimes | @Grimezsz
Twitter

Text size: A- A +

If the drama surrounding Bitcoin, GameStop and Dogecoin wasn’t enough, this week, a 10 second video art work sold it for $ 6.6 million. The same video clip, created by digital artist Beeple, was originally bought by a Miami-based art collector in October 2020. If these exorbitant prices for some artwork you can’t even hang on your walls seem like confused, you may want to get familiar with the concept of non-fungible tokens, or NFT as the cool guys call it – the latest inexplicable, but rapidly growing digital assets in the tech landscape‚Ķ.

Read More On Original Publisher

This Content is Original Published by @theprint.in