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Last month, hours before news of Beeple’s $69 million NFT sale grabbed the front pages of newspapers across the country, a pair of 24 x 24 pixel portraits of aliens wearing little hats sold separately for around $7.5 million each. The sales, which occurred within 20 hours of each other, didn’t garner the same headlines that the Beeple auction received, but there was a bit of coverage in the tech press, mostly because one of the aliens was sold by Dylan Field, the CEO of design software startup Figma. In a Clubhouse conversation following the sale, Field said he hoped that a century from n...

(Image: Dapper Labs/NBA) The NBA is an unlikely way to acquaint people with non-fungible tokens (NFTs), but Top Shot Moments exploded in early 2021 as digital versions of old-school basketball cards.  Instead of a two dimensional rectangle made out of cardboard, a Top Shot Moment is a three dimensional cube that loops a clip of a basketball player in action—unique items that wouldn’t be possible in the physical world. There are four collectible tiers—Common, Rare, Legendary, and Ultimate—and they can be purchased as packs or as standalone Moments. You can buy a Moment for as little a...

#nbatopshot Overnight Mkt Update We've officially broken below the $1B mark for the first time since Feb with bears in full control and sellers driving prices lower to the tune of -6.1% O/N. It also marked the lowest sales volume day in over a month @AddMoreFunds@EvaluateMarketpic.twitter.com/qIGTHEvd6s— topshotanalytix (@topshotanalytix) April 3, 2021 Let’s look at another chart that illustrates this pretty cleanly by looking at a single moment - say, the most expensive one I have in my own collection. I bought this Luka Doncic Series 2 “Seeing Stars” moment for $668 back in mid-Marc...

MONEYWEB What are NFTs, and how to invest in them? Think of it this way: anyone can buy a Monet print, but only one person can own the original. And that makes it valuable. It’s the same with all things digital. 00:01  The artist known as Beeple made $69m at Christie’s when he sold a piece of digital art as an NFT. Image: Supplied Non-fungible tokens (NFTs) are the latest craze in the crypto and digital asset world. There’s nothing like an explosion of digital artwork on the blockchain news to leave you thinking: “Um … what’s going on here?”

Explainer: NFTs are hot. So what are they? By Elizabeth Howcroft Reuters (Reuters) - Non-fungible tokens (NFTs), a type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album. The trend is perplexing those who might wonder why so much money is being spent on items that only exist in digital form and can be viewed by anyone for free. Here are some facts about NFTs: WHAT IS AN NFT? An NFT is a digital asset that exists on a blockchain. The blockchain...