GIF by Trevor AndrewĪlso, if I got a Monet, I could appreciate it as a physical object. This last sold for $3,600, but the current owner is asking for $16,300. Actually, one of Beeple’s pieces is being auctioned at Christie’s, the famou. I’m sure some people really hope so - like whoever paid almost $390,000 for a 50-second video by Grimes or the person who paid $6.6 million for a video by Beeple.

So of course the founder of Twitter would take a shot at it just days after we posted the article.)ĭo people really think this will become like art collecting? (Side note, when coming up with the line “buying my good tweets,” we were trying to think of something so silly that it wouldn’t be a real thing. A lot of the conversation is about NFTs as an evolution of fine art collecting, only with digital art. I don’t think anyone can stop you, but that’s not really what I meant. You mean, like, people buying my good tweets? NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art. What’s worth picking up at the NFT supermarket? It is worth noting that other blockchains can implement their own versions of NFTs. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. You gave up a Squirtle, and got a 1909 T206 Honus Wagner, which StadiumTalk calls “the Mona Lisa of baseball cards.” (I’ll take their word for it.)Īt a very high level, most NFTs are part of the Ethereum blockchain. If you traded it for a different card, you’d have something completely different. A one-of-a-kind trading card, however, is non-fungible. For example, a bitcoin is fungible - trade one for another bitcoin, and you’ll have exactly the same thing. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. You might be wondering: what is an NFT, anyhow?Īfter literal hours of reading, I think I know. And by the time we all thought we sort of knew what the deal was, the founder of Twitter put an autographed tweet up for sale as an NFT. There’s nothing like an explosion of blockchain news to leave you thinking, “Um… what’s going on here?” That’s the feeling I’ve experienced while reading about Grimes getting millions of dollars for NFTs or about Nyan Cat being sold as one.

Yoink beeple