Did a CryptoPunk NFT Just Sell for $500 Million? Sort of, in a Transaction  That Illuminates How the NFT Market Differs From the Art Market

Some Of An NFT Just Sold for $532 Million, But Didn't Really Sell at All

A fool and their cash are soon separated, I guess? Linkin Park's Mike Shinoda (who likewise sold some NFTs that consisted of a song) in fact spoke about that. It's completely a thing somebody might do if they were, in his words, "an opportunist uneven jerk." I'm not stating that Logan Paul is that, just that you ought to take care who you purchase from.

If you're asking if, state, my mother owns one, the answer is no. But  Learn More Here  have seen big brand names and celebs like Marvel and Wayne Gretzky introduce their own NFTs, which appear to be targeted at more conventional collectors, rather than crypto-enthusiasts. While I do not believe I 'd call NFTs "mainstream" in the manner in which mobile phones are traditional, or Star Wars is traditional, they do appear to have, a minimum of to some level, shown some remaining power even beyond the cryptosphere.

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We here at The Brink have an interest in what the next generation is doing, and it definitely does look like some of them have been try out NFTs. An 18 year-old who passes the name FEWOCi, OUS states that his NFT drops have netted over $17 million though undoubtedly most haven't had the very same success.

No, however technically anything digital might be offered as an NFT (including short articles from Quartz and The New York Times, supplied you have anywhere from $1,800 to $560,000). deadmau5 has actually sold digital animated sticker labels. William Shatner has offered Shatner-themed trading cards (among which was obviously an X-ray of his teeth).

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Nike has actually patented a method to validate sneakers' credibility using an NFT system, which it calls Crypto, Kicks. But so far, I haven't discovered any teeth, no. I'm afraid to look. There are several marketplaces that have turned up around NFTs, which permit individuals to buy and sell. These consist of Open, Sea, Rarible, and Grimes' option, Nifty Gateway, but there are a lot of others.

Maxim launches its own NFT marketplace - What's New in Publishing - Digital  Publishing News

Of course, among the very first usages was a video game called Crypto, Kitties that enabled users to trade and sell virtual kitties. Thank you, web. Not as much as the individual who paid over $170,000 for one. Very same. However in my opinion, the kittycats show that one of the most intriguing aspects of NFTs (for those people not aiming to produce a digital dragon's lair of art) is how they can be used in games.