Current Affairs
NFTs Explained – Memes, Tweets, and the Art Market
How was the “NyanCat” meme sold for $600,000 in February 2021? How was Twitter founder Jack Dorsey’s 2006 tweet sold for $2.9 million just a month later? This article breaks down the growth of Non Fungible Tokens in the past year, explaining its creation of artificial scarcity on the internet, the commoditization of reproducible content, and its possible future- or lack thereof- within the world of blockchain technology.
NFTs Explained – Memes, Tweets, and the Art Market
How was the “NyanCat” meme sold for $600,000 in February 2021? How was Twitter founder Jack Dorsey’s 2006 tweet sold for $2.9 million just a month later? This article breaks down the growth of Non Fungible Tokens in the past year, explaining its creation of artificial scarcity on the internet, the commoditization of reproducible content, and its potential future- or lack thereof- within the world of blockchain technology.
