Why People Are Buying Digital Art and Sports Memorabilia for Thousands of Dollars

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By Olachi in Technology
Updated 3 years ago

The cryptocurrency world is abuzz with talk of digital collectibles, unique virtual tokens that can represent anything from art to sports memorabilia. People have been paying hundreds of thousands of dollars for these NFTs, or non-fungible tokens. One investor, Sheldon Corey from Montreal, Canada, told CNBC he paid $20,000 for one of thousands of computer-generated avatars called CryptoPunks.

why-people-are-buying-digital-art-and-sports-memorabilia-for-thousands-of-dollars