Digital signature: Billion dollar NFT market gets a start ...Qatar

Authenticity and scarcity have always mattered in the art market. With the proliferating blockchain technology underpinning the crypto world, an estimated $1bn market for non-fungible tokens (NFT) has seemingly come out of nowhere. Early this month, a digital artwork was sold for nearly $70mn at Christie’s, in the first ever sale by a major auction house of a piece of art that does not exist in physical form. The artwork by American artist Mike Winkelmann known as Beeple, exists in NFT form, meaning that it is authenticated by blockchain, which certifies its originality and ownership. In February, a 10-second video clip known as “Crossroads” by Beeple was auctioned for $6.6mn. An animated i

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Last updated : 24 March 2021 clock 12:31 AM

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Digital signature: Billion dollar NFT market gets a start ...Qatar

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