Reuters
The market for digital collectibles has exploded in 2021, and money is pouring in from all angles.
Experts say buyers should be aware of volatility, illiquidity, and fraud in the budding market.
Some think NFTs will only keep booming, while others think it's all just a bubble waiting to pop.
The market for digital collectibles is booming — but that doesn't mean they're a safe investment.
A digital artist known as Beeple sold a piece for an eye-watering $69 million through Christie's on Thursday. Twitter founder and CEO Jack Dorsey is auctioning off his very first tweet, and bidding has reached $2.5 million. And NBA Top Shot, a marketplace for officially licensed basketball highlight clips, has seen more than a quarter-billion dollars change hands over the last 30 days, minting multimillionaires along the way.