BREAKDOWN: A Beeple Artwork Just Sold for $69M – NFT Bubble or Everything Bubble?

The record-setting NFT auction is generating significant discussion about art, crypto and the state of the macro economy.

This episode is sponsored by Nexo.io and Casper.

Everyone paying attention knew that Beeple’s Christie’s auction was likely going to set a new high-water mark for non-fungible token (NFT) sales. Fewer would have guessed that it would lead to the third-highest auction price for a living artist in history.

On this episode, NLW breaks down:

• How interest in NFTs is at an inflection point
• Why it’s not just digital art but sports collectibles as well
• How the traditional collectibles markets are also exploding
• Why people think growing NFT prices might be a sign of an everything bubble

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

-

Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Image credit: VPanteon/iStock/Getty Images Plus, modified by CoinDesk

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.