Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on December 16, 2020, 07:00:23 AM

Title: Digital artist Beeple auctions NFT art collection for $3.5M
Post by: newshunter on December 16, 2020, 07:00:23 AM

Digital artist Beeple auctions NFT art collection for $3.5M

A final-second bid saw a digital artwork NFT sell for $777,777 on Nifty Gateway.

Source: Digital artist Beeple auctions NFT art collection for $3.5M (https://cointelegraph.com/news/digital-artist-beeple-auctions-nft-art-collection-for-3-5m)

Would appreciate your opinion about this

Title: Re: Digital artist Beeple auctions NFT art collection for $3.5M
Post by: disconnectme on December 17, 2020, 08:46:46 AM

For me this is crazy and it is not sustainable, if these NFT hype is not well managed we are likely to crash the market before it even begins, remember the Mana hype then, when people were buying land space with crazy valuation some people got burnt in it, there would be a time there won't be new buyers willing to pay those crazy money again

Title: Re: Digital artist Beeple auctions NFT art collection for $3.5M
Post by: sofa-lis on December 18, 2020, 07:21:52 PM

NFT tokens have become mega popular in 2020, I think their hype will last a maximum of another year or two.  Of course, you can make money from this, but it seems to me that this is a very dangerous deal.  While this is a very good earning option for artists with a large number of followers, just to create the first collection will have to spend a lot of money on commission.