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Last week I wrote a bit about Non-Fungible Tokens (NFTs, or “niftys”) and how that space is booming right now 💥
Only a week ago the record sale price for an NBA NFT was $100,000.
NFTs are especially interesting for digital artists, some of whom are literally making millions in minutes doing drops on sites like Nifty Gateway.
For example, a former pro-baseball-player-turned-artist did $1 million in sales in 1 minute a few days ago 🤯
That particular NFT is a 42-second animated video of a person in a space helmet walking down a hallway.
On Twitter, folks are calling NFTs the “the 🔑 to the metaverse” and predicting that “they will change the way digital&physical assets are transferred.”
Hard to know what’s real and what’s hype in this space right now, but it’s definitely worth keeping an eye on. Looks like there are plenty of opportunities for investors, digital artists, and “pick and shovel” businesses.
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