A piece of NFT art just auctioned for a record-breaking $69 million. NFT artists making millions say the craze could permanently change the art world

Source | Business Insider

NFTs have been shaking up the art world, and auction house Christie’s has already found success pivoting

NFT art has suddenly dominated headlines across the world, and it’s impact on the “traditional” art scene may be here to stay.

NFTs, or non-fungible tokens, are more straightforward than they sound. Basically, a NFT provides blockchain-backed “proof of ownership” on an item that the token is attached to. This could be anything, from the Nyan Cat meme to virtual NBA “moments” to an upcoming album from Kings of Leon.

Mainstream players like Grimes and Mark Cuban are also getting in on the NFT scene.

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Acid House | Collectible NFTs

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