منذ شهرين

15min read

We Are Not Just Saying Digital Art, when we say NFTs...

Though we’ve made a lot of “art” references in relation to NFTs so far in our posts, they actually come in all forms. We’re talking beyond digital artwork – think: audio files, video files, memes, tweets, you name it!

Starting with the most talked-about NFT digital artists– Beeple’s Crossroads went up in value from $66,666 in Nov 2020 (sold directly from the artist) to $6.6 million in Feb 2021 (sold on the secondary market). And yes, you read that correctly… that’s millions in dollars in value for a single piece of work. Oh and wait for it… his artwork Everydays: The First 5000 days recently sold at a Christie’s auction for $69.3 million! Are you convinced now and the opportunity? Yes, we thought so! Music artists are out there making NFTs too. Grimes also just sold a collection of digital music for millions of dollars – 6.3 million, to be specific. Kings of Leon sold their latest album as an NFT for a total amount just a little shy of that – 2 million (still not a negligible amount, by any means!).

Oh and let’s not forget the good old world of YouTube videos. Did you ever watch Charlie Bit My Finger? If we told you that it sold for $761 thousand as an NFT, would that make you want to go watch it just to see what the fuss is about, if you hadn’t seen it yet? Oh and by the way, it was purchased by a Dubai-based Iranian music producer, Farzin Fardin Fard. And did you think that GIFs would miss out on all the action? Certainly not Nyan Cat that sold for $631 thousand!