Digital land in Decentraland sells for $913K… to a virtual property developer

A virtual real estate investment firm has a new platform record for the most expensive digital land plot in Decentraland’s metaverse after spending $913,000 on 259 parcels. A virtual plot of real estate situated within the Ethereum-based open-world game, Decentraland, has sold for more than $913,000 — valuing the intangible property on par with the […]

A jpeg for $70m: The strange world of cryptocurrency art

It may seem like a lot for a digital-only artwork. But in some ways, NFTs are a continuation of collecting as usual. The NFT-meets-art-world craze is the latest in a series of blockchain-backed experiments around the authentication of property and digital art on the internet. NFTs are a way for artists working in new technologies […]

Non-fungible tokens are revolutionising the art world

The Guardian: At their simplest, non-fungible tokens, or NFTs, can be thought of as “bitcoin for art”. Just as bitcoin created the ability to spend and save a sort of digital money without any centralized authority, so too do NFTs allow for pictures, videos, music, or anything else that can be digitally represented, to be […]

Christie’s auctions ‘first digital-only artwork’ ~ $70m

Digital collage by Beeple was offered with a non-fungible token to guarantee authenticity and paid for in cryptocurrency. The piece, titled Everydays: The First 5,000 Days, sold for $69.4m in an online auction, “positioning him among the top three most valuable living artists”, Christie’s said via Twitter on Thursday. Christie’s said it also marks the […]

NFTs Are the Biggest Internet Craze..!

Do They Work for Sneakers? – A recent $3.1 million sale of some NFT sneakers has speculators wondering about the future of digital fashion. Why the NBA’s Top Shot clips and purchasable outfits in video games like Fortnite may hold some clues. Non-fungible tokens, or NFTs, have exploded onto the digital art scene this past […]

How the Idle Rich $pent the Pandemic

  Trophy Homes and $2.5 Million Tweets: The Covid-era mania for cryptocurrencies and digital tokens shows how bored elites have already bought everything. Pity the newly rich, who are struggling with where to put their millions. According to a recent analysis cited by The New York Times, about 7,000 millionaires will emerge from the latest round of Silicon Valley initial […]

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