Business
NFTs or non-fungible tokens: The new kind of digital art that could prove a bonanza for creators – ABC News
Digital artworks called NFTs are selling for thousands, even millions of dollars. Is this a bubble or a new way for artists to finally get paid for digital art?
Paul “Lamborghini” Kell made the news in 2018 when he paid $US38,000 for a digital artwork that anyone could already view or download.
This week, he sold the same artwork a depiction of Homer Simpson combined with internet meme Pepe the Frog for $US320,000.
The ‘Homer Pepe’ Peter Kell sold for US$320,000.(Supplied: Peter Kell
)
It’s an example of the surging demand for digital artworks called NFTs, which are selling for thousands, even millions of dollars.
But why would anyone pay for online artwork…
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