NFTs: Non-fungible tokens
2020 was known to be the year of Cryptocurrencies led by Bitcoin as it surges past USD 1 trillion in market value. With the increasing interest in alternative investment assets, many are searching for the next big thing in 2021 to gain a first mover’s advantage. If you have been following the news for the past weeks, you would’ve noticed that people are paying astronomical amounts for digital collectibles in the form of Non-Fungible Tokens (NFTs). Just last week, a digital artist known as Beeple sold a collage of his art pieces in an auction for $69.3million! Further, it is the third-highest price fetched by a living artist!
Not convinced by NFTs? The NBA came out with “NBA Top Shot” which incorporates NBA highlights in the form of NFTs. Just last month, people have spent more than $230 million on the platform with offers of over a million dollars made!...
