Business
Man buys video clip for $US67,000, then sells it for $US6.6 million – The New Daily
Just when you thought you’d got your head around Bitcoin, try to process this: buying a 10-second video clip for $US67,000.
Just when you thought you’d got your head around Bitcoin, try to process this: Buying a 10-second video clip for $US67,000 ($86,500).
Then selling it for $US6.6 million six months later.
That’s exactly what Miami-based art collector Pablo Rodriguez-Fraile did, and it’s the hot new trend in digital assets: Non-fungible tokens.
The 10-second clip was a piece of digital art, created by maker Beeple.
But a non-fungible token an NFT can be anything digital, including sports cards, ‘virtual land’ and…
-
Noosa News17 hours agoGippsland vegetable farm accused of underpaying migrant workers
-
General18 hours agoFour escape injury after jumping from three-storey unit on fire in Newcastle
-
General15 hours agoIncreased police powers begin at Adelaide Oval Ashes Test following Bondi attacks
-
General22 hours agoDe-escalation skills, not guards, needed in Tasmanian hospitals, nurses’ union says