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15 Mar, 7 tweets, 4 min read
These works of art exist in the digital world and now they’re worth millions of dollars. They’re part of an explosion in the market for NFTs, or non-fungible tokens.
NFT [ en-eff-tee ] : noun, A digital signature backed by blockchain technology, like an online notary or certificate of authenticity.

businessinsider.com/what-does-nft-…
At the center of this virtual gold rush is Mike Winkelmann, a graphic designer better known as Beeple. In March, Christie’s, a 225-year-old auction house that previously only sold physical art, auctioned an entirely digital Beeple piece for $69,346,250.

businessinsider.com/beeple-nft-mik… Image
For Beeple, his daily dedication to his craft helped drive his popularity as he posted art he created from his home in Charleston, South Carolina. His rise to fame seemed to happen overnight, but he began making a sketch a day in 2007.

businessinsider.com/beeple-nft-mik…
His work crosses into topics that can be offensive or provocative. Is Beeple trolling us with his art and with this idea of selling something you can get for free off his instagram?
businessinsider.com/nft-artists-ma…
Just like with cryptocurrencies, environmental and climate concerns are real. NFT transactions use significant, growing amounts of electricity. In a single month, one NFT marketplace went from 200 transactions a day to 5,000.

businessinsider.com/microsoft-tesl…
Beeple believes there could be an NFT bubble. But he said that people can survive deflation if they make something that provides true value.

Do you think NFTs are here to stay?

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