NFT-Related Token Prices Soar Amid Digital Art Mania


Since the mania began a few months ago, crypto assets related to the non-disruptive token (NFT) market have skyrocketed. NFT sells at what many consider ridiculous prices for intangible works of art.

The third largest sale of art by a living artist was marked

An artwork by digital artist Bipple – a collage from 2007 – recently sold at auction house Christie’s for a record $69.3 million. The JPG file was the third largest sale of art by a living artist, after Jeff Koons and David Hockney.

According to the latest data from market research firm Kaiko, NFT-related tokens have risen in line with record sales in the digital arts. In the virtual world of Decentrand, where players can buy NCFs, the MANA marker has been available since the 1st game. February is up 682%.

NFT-Related Token Prices Soar Amid Digital Art Mania

The stream token, a product of Dapper Labs (a partner in the NFT NBA Top Shot marketplace), launched on the 13th. in March up 216% to a high of $37.73. RARI (RARI) jumped more than 825% from $4.11 on February 1 to a high of $38.02 on February 15. March. ENJ (ENJ) rose more than 640% to $2.61 over the same period.

The word NFT officially entered the pop culture lexicon after digital artist Beeple sold an unreadable token to Christie’s, Kaiko said in a blog post on the 15th. March.

NFT value in millions of dollars with blockchain sold

Non-transferable tokens perform functions such as management, utility and reward. They also act as a sentiment barometer for the NFT sector. According to Tie, the number of mentions of the NFT in the media has increased by more than a hundredfold in the past year.

NFT mania can really border on the crazy. To play into the madness, Alex Ramirez-Mallis (36, Brooklyn) spent a year collecting his and his friends’ farts into a 52-minute Master Collection audio file, the New York Post reports.

The maximum rate per audio file is now $183. A single fart costs $0.05 in air, or $85. Only one fart has already been bought by an anonymous buyer.

According to nonfungible.com, more than $449 million has been sold worldwide since these sales began a few years ago. This equates to 5.41 million units sold at an average price of $82.97.

What do you think of the NFT mania? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons, Christie’s/ Beeple : The first 5,000 days,

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