The year of death & rebirth for NFT

The year of death & rebirth for NFT

The year of death & rebirth for NFT

The creator of the non-fungible token claims that since 2020, he has alternated between “excitement and dread.” Kevin McCoy, an artist, claims to be horrified by the gold rush NFTs sparked despite being “gratified” to watch people interact with what began as his “own private thought experiment.”

A single token associated with an artwork by digital artist Beeple titled “Every Day: The First 5000 Days” sold for about USD 70 million in March 2021, as the NFT craze picked back then.

Published in International Finance.