People are paying millions for clips that can be viewed for free. Welcome to the world of ‘NFTs’
Summary
A video clip created by digital artist Beeple, whose real name is Mike Winkelmann, was flipped for a record $6.6 million last week. NBA Top Shot, an NFT platform based on the U.S. basketball league, lets users buy and sell short clips showing match highlights from star players. Sorare last week announced it had raised $50 million from investors including Benchmark, Accel and Reddit co-founder Alexis Ohanion. Thats in no small part because of stay-at-home restrictions that resulted in people spending a lot more of their time on the internet and saving cash from a lack of commuting. Its similar to the rise of retail traders betting on GameStop on other historically unloved stocks promoted on the Reddit board WallStreetBets.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected