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20 Mar, 9 tweets, 6 min read
NFTs have generated billions of dollars and one NFT sold for nearly $70 million.

We talked to crypto-art investors including @mcuban to figure out what's driving people to spend millions on NFTs, despite no guarantee their value will increase. Thread. 👇 businessinsider.com/why-are-people…
Last week, digital artist Mike Winkelmann — more commonly known as @beeple — made history when he sold a crypto art piece for nearly $70 million.

Watch. 👇
❓ Why are people buying NFTs now?

Miami-based art collector Pablo Rodriguez-Fraile told Insider the surging price of Bitcoin, the impact of the pandemic, and distrust in the US dollar created a perfect storm.

businessinsider.com/why-are-people… A quote from Miami-based art collector Pablo Rodriguez-Frail
❓ Will NFTs maintain their value?

Investor Gary Vaynerchuk (@garyvee), the CEO of @VaynerMedia, told @CoinDesk he believes NFTs are operating under a bubble, but it doesn't mean they won't have staying power: A quote from investor Gary Vaynerchuk, the CEO of VaynerMedi
Billionaire @mcuban told Insider buying NFTs is about scarcity. Cuban has been a proponent of NFT investing, from buying NBA Top Shot clips to investing in Mintable, a community-controlled digital-asset marketplace.

businessinsider.com/why-are-people… A quote from Mark Cuban. It reads: "The buyer knows how
The CEO of Super Rare (@SuperRareJohn), an NFT site, said people are motivated to buy NFTs because it provides a unique connection to the creator that does not exist with any other art form. A screenshot of the article. The screenshot reads: "Wh
NFTs still face several barriers to mass adoption, writes @graceihle. Most NFT marketplaces require buyers to use a crypto wallet, for instance.

NFT platform @niftygateway is one of few platforms that allow users to buy NFTs off the site using their credit card. A quote from Griffin Cock Foster, co-founder of NFT platform
Rodriguez-Fraile said NFTs represent the future of the art world. "A few years from now this could just be how people own art," he told Insider.

Read more. 👇 businessinsider.com/why-are-people…
💡 At the moment, an annual subscription to Insider is 50% off. Expect:

✅ Access to all premium articles
✅ Investigative news stories
✅ Industry-proven pitch decks

And more. Take a look 👇 businessinsider.com/subscription?u…

businessinsider.com/why-are-people…

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18 Mar
From NBA highlights to @elonmusk rapping about it, the talk around non-fungible tokens are inescapable right now.

To learn more about the future of NFTs, we talked to some Gen Z VCs.
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businessinsider.com/8-gen-z-vcs-pr…
📝Before we start, let us explain what a NFT actually is:

NFTs are unique digital assets stored using blockchain technology that cannot be destroyed or duplicated.

💫The potential for NFTs go way beyond its current digital art form.

Now onto our 8 VCs! businessinsider.com/8-gen-z-vcs-pr…
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🎮: By creating in-game assets as NFTs, the user guarantees their assets aren't subject to the game makers' decisions.

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