Noah Davis, the former head of digital art at Christie's, remarked on the NFT craze that emerged in 2021, highlighting the exhilarating nature of such manias. Despite initially lacking knowledge of NFTs or cryptocurrencies, he became deeply engaged after witnessing the record-breaking sale of Beeple's 'Everydays: The First 5000 Days' for $69.3 million, a turning point that introduced many collectors to the burgeoning digital art scene.
The NFT marketplace opened new avenues for digital creators and collectors alike, with platforms like OpenSea facilitating the sale of art as unique tokens. Digital collectibles like the Bored Ape Yacht Club or Pudgy Penguins showcased a distinct blend of community and commerce, appealing particularly to younger audiences captivated by the potential of digital ownership and the glamour of significant transactions.
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