“Non Fungible tokens are an important new concept in digital media. They provide liquidity, scarcity and verification of digital files.”
“OpenSea, the leading NFT marketplace, did over $1b in transactions this month. Last week, it had multiple days with over $100m in transactions per day. The Bored Ape Yacht Club launched a new NFT set on Saturday night, and made $90m in one evening. I actually sold my Ape on Saturday afternoon for 61 ETH, which is kinda insane considering I bought it two months ago for 3.79 ETH.
Last week, VISA’s $150k purchase of a CryptoPunk caught everyone’s attention, but Budweiser’s foray into rare jpegs was much funnier.”
If you are interested in reading more on NFT’s here are some more links worth following: