Non-fungible tokens (NFTs) are apparently worth millions of dollars, as illustrated by the artist Beeple, the phenomenon seems to be creating a fervor in people ranging from academic economists to internet posters. Let's take a look at the history and concerns regarding the recent aesthetic phenomen
What Are NFTs and How They ll Impact Culture
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Here Are the 10 Most Expensive NFT Artworks, From Beeple s $69 Million Opus to a 18-Year-Old s $500,000 Vampire Queen
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When BarnBridge founder Tyler Ward decided to change his profile pic a few weeks ago, he inadvertently created a Pepe the Frog NFT meme craze embraced by celebrities and the DeFi community that was on track to reap more than $60 million in sales on the OpenSea auction platform. Then the wheels fell off rather spectacularly. Magazine chats with Ward on Monday, Feb. 22, after the first 20 of 1,069 Non-Fungible Pepes were sold at an average price of $62,671 each, and he can’t quite believe it.
“We sold like $1.3M worth of Pepes, like 20 of them,” he says. “One of them went for $200,000!”
Rarest Pepe â âmost important NFT in art historyâ â sells for 205 ETH With more than $300M spent on NFTs this year, it is no surprise that one of the rarest Pepe NFTs âHomer Pepeâ just changed hands for $320,000. 43173 Total views News
The rarest Pepe of them all, âHomer Pepeâ, has sold for 205 ETH ($320,000) according to owner Peter Kell.
The one-of-a-kind card displays a morph between Simpsons character Homer and the infamous Pepe The Frog.
Peter Kell s Instagram post. Source: Instagram
Pepe is a cartoon frog created by artist Matt Furie and has inspired countless memes on the internet including Rare Pepes, one of the first art experiments on blockchain.