Monday, July 26

NFT bubble

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NFTs are to physical art what music streaming is to vinyl records, says a crypto expert who sees a whole new social world for digital collectibles

Digital artist FEWOCiOUS auctions 5 unique NFT works of art, along with 5 physical paintings and drawings in a collection at Christie's in NYC. Noam Galai/Getty Images Crypto art is revolutionizing how celebrities showcase and sell their work, says Wave Financial's cofounder. As vinyl records are to streaming, NFTs are to existing physical art, Les Borsai told Insider. NFT innovation brings better experiences, which means their rise isn't a bubble, the digital art expert said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Crypto art is opening up a whole new world of creativity and promotion for digital artists and entertainers, as physical reality and virtual worlds look poised to become increasingly integrated.Non-fungible tokens are attracting a wav...