Irregular sales worth billions fire up wild NFT market
Meebit is an NFT that can be exchanged between two crypto wallets, without recording the names of the buyer or seller
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Meebit is an NFT that can be exchanged between two crypto wallets, without recording the names of the buyer or seller
On January 12, an image of a computer-generated pixelated person was sold for about $50.6 million worth of cryptocurrency on a new online marketplace that caters for non-fungible tokens. It gets stranger. Five minutes later, the same "Meebit" NFT - a virtual character clad in purple shorts and green sneakers - was sold back from the buyer to the original seller for around
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Several big companies, from Coca-Cola to Gucci, are testing the temperature with their own NFTs
Welcome to the weird and wild world of NFTs, a new breed of crypto assets that represent digital items, from images and videos to clothing for avatars. They have exploded in popularity over the past year as part of a fledgling and largely unregulated economy for the much-hyped metaverse.