Why NFT Arts Are A Bubble

Back in March, the famous digital artist Mike Winkelmann, also known as Beeple on Instagram, made history when his NFT art titled “Everydays: The First 5000 Days” sold for a whopping $69 million at auction at Christie’s platform.

Winkelmann’s NFT was a jpeg file of a digital collage containing 5,000 daily futuristic images he created every day from May 1, 2007, through Jan. 7, 2021.

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