How NFTs and blockchain made ‘crypto art’, from Grimes’ digital art to Jack Dorsey’s first tweet, creating a new way of collecting

//How NFTs and blockchain made ‘crypto art’, from Grimes’ digital art to Jack Dorsey’s first tweet, creating a new way of collecting

How NFTs and blockchain made ‘crypto art’, from Grimes’ digital art to Jack Dorsey’s first tweet, creating a new way of collecting

Blockchain activists are mounting an insurrection in the traditional art market.On March 3, an anonymous group calling themselves “art and NFT enthusiasts” set alight a US$95,000 Banksy original print live on social media and put up its non-fungible token (NFT) – a digitised, one-of-a-kind version of the print – for investors to bid on. After a five-day bidding war, it sold for 228.69 Ether, a cryptocurrency, on the trading platform OpenSea, an amount equivalent to about US$380,000.Earlier in…

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By | 2021-03-09T18:30:16+00:00 March 9th, 2021|Entertainment|Comments Off on How NFTs and blockchain made ‘crypto art’, from Grimes’ digital art to Jack Dorsey’s first tweet, creating a new way of collecting