fromFast Company
3 weeks agoWhat can the rise and fall-and rebound-of NFTs teach us about the AI bubble?
On March 11, 2021, Christie's made history as the first major auction house to sell art in the form of a non-fungible token (NFT). Digital artist Beeple managed to offload his massive mosaic, Everydays: The First 5000 Days, for a whopping $69 million, generating hundreds of astonished headlines and getting those three letters, NFT, in front of untold scads of early-adopter eyeballs. It was the sale heard 'round the world, a starter pistol kicking off the NFT gold rush.
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