Casey Wagner: NFT Craze Rages On as August Sales Near $900M
28/08/2021 – 09:14
• Non-fungible token sales are nearing $900 million so far this month — the industry’s highest month yet
• NFTs, like most areas of crypto, are not immune to market manipulation and scams
Christie’s made major waves when it announced it would be auctioning off a piece of digital art in February 2021. Collectors and creators speculated about the future; was it a fad or something more? There are not many more answers today, but it is clear that non-fungible tokens (NFTs) are probably not going anywhere anytime soon.
The phenomenon of digital commodities has attracted the attention of major names in finance and media, including Visa and the National Basketball Association, and drawn in no shortage of cash.