A Digital NFT Art Was Sold at $69M: Is it a Trend?

A Digital NFT Art Was Sold at $69M: Is It a Trend?

Digital NFT art is on the rise now. In this CNN video, you get to learn about the latest one that was sold for $69 million. To justify the exorbitant price, the artwork took Beeple, the artist, 13 years to create. NFT stands for a non-fungible asset that you can verify with blockchain technology. Why is it so costly? You create artwork that you then digitize and authenticate. This is then linked to the blockchain so that you can track who owns it when it is auctioned off. Digital NFT art can be anything, from a musical composition to a post but should be one-of-a-kind.

The post A Digital NFT Art Was Sold at $69M: Is it a Trend? appeared first on AITS CAI’s Accelerating IT Success.

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