Chris Torres
toggle caption Chris Torres
A work called Nyan Cat by Chris Torres sold for $590,000 recently. It s part of growing interest in digital assets, known as nonfungible tokens, or NFTs, that are generating millions of dollars in sales every day. Chris Torres
The artist Grimes recently sold a bunch of NFTs for nearly $6 million. An NFT of LeBron James making a historic dunk for the Lakers garnered more than $200,000. The band Kings of Leon is releasing its new album in the form of an NFT.
At the auction house Christie s, bids on an NFT by the artist Beeple are already reaching into the millions.
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A work called Nyan Cat by Chris Torres sold for $590,000 recently. It s part of growing interest in digital assets, known as nonfungible tokens, or NFTs, that are generating millions of dollars in sales every day. // Chris Torres
The artist Grimes recently sold a bunch of NFTs for nearly $6 million. An NFT of LeBron James making a historic dunk for the Lakers garnered more than $200,000. The band Kings of Leon is releasing its new album in the form of an NFT.
At the auction house Christie s, bids on an NFT by the artist Beeple are already reaching into the millions.
And on Friday, Twitter CEO Jack Dorsey listed his first-ever tweet as an NFT.
KUOW - What s An NFT? And Why Are People Paying Millions To Buy Them? kuow.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuow.org Daily Mail and Mail on Sunday newspapers.
NOEL KING, HOST:
The latest Internet hype is about a thing that doesn t really exist. Some collectors are spending millions of dollars on digital items called NFTs, and here s the thing - anyone can make one of these. NPR s Bobby Allyn explains.
BOBBY ALLYN, BYLINE: A meme of an animated cat with a Pop-Tart body, a video clip of Kobe Bryant dunking, an image of an oil painting of Batman - all have sold for hundreds of thousands of dollars apiece in recent weeks.
KATIE HAUN: Remember those days where people would line up for the newest, you know, Nike Air Jordan sneakers at the physical store? This is the new digital equivalent.
What s An NFT? And Why Are People Paying Millions To Buy Them? iowapublicradio.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iowapublicradio.org Daily Mail and Mail on Sunday newspapers.