How NFTs Have Become a Gateway Into the Metaverse
Only a few months ago, the term NFT was exploding all over the internet. Now to the latest trend, the skyrocketing prices for digital arts sold as NFTs- The Christie's auction for digital artist, Beeple, coming to a close a few moments ago, the final bid, $69 million. $69 million. I think it probably means digital artists here to stay. Anybody in this sector has to admit that they were shocked by the size and the ferocity and speed that the industry evolved so quickly. The number of wallets that were purchasing NFTs skyrocketed the number of transactions of NFTs, across the board skyrocketed. And the prices for many NFT artists also went up, but that came down very, very fast. Once red hot NFTs are now cooling off a bit. The secondary market for the majority of Beeple's paintings today is down 90-95% from the peak, as is most NFT art. But even more recently, NFTs had been on the rise once again. And even with significant value volatility in NFT artwork, NFT collectibles like NB...