Another sign of a significant asset bubble! A cat NFT sells for $560k!

Is This the Next Art-Market Bubble? A Unique NFT for the Popular ‘Nyan Cat’ GIF Just Sold for a Whopping $560,000
The price was 300 in Ethereum.

Eileen Kinsella, February 22, 2021







https://news.artnet.com/market/nyan-cat-nft-sells-for-560000-1945679

 

Is that better or worse than the "Banana duct-taped-to-a-board" that sold for $120,000?

 

Damn, that's a nice GIF. It should have fetched at least a cool million.

 

Maybe it's just a way to trade favors.....

 

Honestly I'm not surprised. When you see artwork on ebay selling for thousands of dollars and all it looks like they did was take a paint brush and smear shit all over a piece of canvas.

 

Open your eyes, this is part of the DAE (Digital Assets Ecosystem) being built as just one cog in the new virtual/digital economy.

Prices of assets will rise and fall but all round commerce will explode so fast over the coming decade our heads have trouble understanding it at present.

 

Read this for some ideas of where we're probably going re the virtual/digital economy.

It's basically what so many miss with Bitcoin. It's easy to dismiss Bitcoin if you look at it on its own. But that's missing the main point of the role something like Bitcoin can and will play in the ideas discussed below.

https://metaversed.net/Into-The-Voi...he-Metaverse-263f1ff8c13c455ea472f5689e01acaa

 

This was a publicity stunt.

 

Beeple’s work is pretty good. NFT’s are a perfect intersection of Art and Crypto.

 

Reminds me of Powered Toast man. I think it was stolen!