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10-second video clip sold for $6.6M as digital assets find favor

10-second video clip sold for $6.6M as digital assets find favor

A Miami-based art collector recently sold a 10-second video artwork for $6.6M. The digital asset, known as a non-fungible token (NFT), has exploded in popularity in recent months. The video, in this case, by artist Beeple was authenticated by blockchain, verifying ownership and authenticity. Examples of NFTs range from digital artworks, sports cards to pieces of land in virtual environments.

David
David
Viviko
Viviko 1 months

I still do not understand why these go for so much... can’t you just copy and download the work and no one would know the difference....?

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