By FintechNews Staff
Summary
– The value unlocked at the intersection of AI and NFTs will be huge
-Imagine digital-art NFTs that can explain the inspiration behind their creation and adapt those answers to your feelings and mood.
-The contemporary art market has hit an all-time high in annual sales on the back of the exploding NFT market.
-According to NonFungible data, there were close to 215,000 unique wallets as of last week, showing a massive 1,094% increase since the beginning of the year.
-An NBA Top Shot video highlight featuring LeBron James recently sold for a record $208,000.
-The surge in prices of these NFTs has reminded some investors of the initial coin offering, or ICO, bubble in 2017, when multiple start-ups issued new digital tokens to raise money….and did not end well.
To go deeper on these subjects:
–Crypto collectibles are selling for thousands (CNBC)
–The Coming Convergence of NFTs and Artificial Intelligence (Yahoo Finance)
–NFT TRADING VOLUME HAS BROKEN OVER $15 BILLION IN OCTOBER (Analitycs Insight)
–Annual Contemporary Art Sales Hit Record $3.67B With Help From NFTs (Yahoo Finance)
–Are NFTs a bubble awaiting a pin or the next big investment theme? (The Motley Fool)
