ArtSmarts
NFT Madness: How the Art World Uses a New Digital Phenomenon
Thanks to NFT, singer Grimes earned almost $ 6 million in 20 minutes, and artist Beeple raised $ 69 million for one picture. According to Forbes, in February 2021 alone, sales of digital objects using NFT amounted to $ 500 million. In the same year, Christie’s auction house held the first sale of a fully digital collection of works by renowned NFT artist Beeple, offering the buyers to pay their…