No monkeys around as far as NFT art concerns get this: A collection of 101 NFT monkeys sold for a total of $24.4 million in online sales at Sotheby's on Thursday, the auction house said.The cartoon collection is part of the Bored Ape Yacht Club,
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a collection of more than 10,000 computer-generated monkey cartoons. using clothes and facial expressions The collection was created by a Delaware-based company known as Yuga Labs, which launched the Bored Ape Yacht Club stored on the Ethereum blockchain on April 30.
The value of this sale is among the largest for NFTs in months. March Artist Beeple's piece was auctioned off as NFT at Christie's for $69.3 million.NFT, which stands for non-transferable token. Offers blockchain-generated certificates of authenticity for digital collectibles,
such as the Bored Ape piece sold Thursday. Or for seemingly unpretentious digital assets like tweets or memes, crazy interests have created a $250 million digital marketplace in 2020, with NFTs taking the hit to a whole new level from Visa, Warner Music Group and Nike.
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Oh I'm very negative about the NFT and I think it's going to roll off very quickly at some point and the "investors" are going to lose a lot of money. Cryptocurrencies are reaching a new level. Remittance industry disrupted by crypto, start accepting Stable Coins as payment and this is the next step of crypto development as such.
Well, many people were shocked that investing in crypto could be so profitable, so I don't think it was that unexpected with NFTs. I started reading more about the crypto market recently on https://bhero.com/about, and I can tell you that even though NFT has a bright future, it's still not the best choice for investment.
It's actually crazy that something like that can be so profitable. I don't get why people are buying something like that.
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