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Learning & News => News related to Crypto => Topic started by: Galaxy on April 07, 2021, 02:31:24 PM

Title: Saturday Night Live NFT of NFT Skit Sells for $365,000
Post by: Galaxy on April 07, 2021, 02:31:24 PM
Someone called “Dr_Dumpling” dropped 171.99 ETH on the ten-second clip.

Two weeks ago, Saturday Night Live ran a sketch about NFTs involving Pete Davidson and the rapper Jack Harlow. Ack!

Last night, an NFT of the NFT sketch (really, a ten-second video clip and associated token) sold for 171.99 ETH, or around $365,000.

NFTs are non-fungible tokens—a kind of cryptocurrency that can be attached to a file and auctioned off as proof of ownership. The market for these digital collectibles exploded in February, as artists made millions off JPEGs and GIFs, though there are signs the hype is beginning to die down. At the height of the boom (bubble?) a digital artist named Beeple sold an image for $69 million through Christie’s.
Source: https://decrypt.co/64159/snl-nft-sale