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…
-
Business21 hours agoIs Warren Buffett’s Berkshire Hathaway the smartest investment you can make today?
-
General21 hours agoTop chess player Magnus Carlsen forced into draw in historic game against over 134,000 people
-
General20 hours agoTaiwan’s President Lai Ching-te calls for peace and dialogue with China while also calling for defence boosts
-
Noosa News15 hours agoCountdown on for Noosa Eat & Drink Festival 2025