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Author: Admin | 2025-04-28
Million more than Monet’s painting Nymphéas sold for in 2014.Whoever got that Monet can actually appreciate it as a physical object. With digital art, a copy is literally as good as the original.But the flex of owning an original Beeple...I think I remember hearing that NFTs are already over. Didn’t the boom go bust? Like for real this time?Sales have absolutely slumped since their peak, though like with seemingly everything in crypto there’s always somebody declaring it over and done with right before a big spike. Am I predicting that NFTs are about to make a comeback? Absolutely not, but I’m sure there are plenty of folks in NFT-based communities that are sure they’re still on the gravy train.Oh no you’re about to talk about the apes aren’t you?Sure am!If you haven’t heard about the Bored Ape Yacht Club, it’s one of the most successful NFT projects, with apes (which are procedurally generated and have unique characteristics) selling for millions of dollars. The company behind the series of NFTs has created a spin-off cryptocurrency, broken the blockchain for a few hours with how popular one of their sales was, and even acquired other massive NFT brands. And a reminder: this all happened because people really like saying that they own a picture of a Bored Ape.People like, for instance, Jimmy Fallon and Paris Hilton, who discussed their apes on TV in a clip that went viral for being soooo uncomfortable.This kind of club isn’t really a new phenomenon — people have long built communities based on things they own, and now it’s happening with NFTs. It could be argued that one of the earliest NFT projects, CryptoPunks, got big thanks to its community.What’s the point of NFTs?That really depends on whether you’re an artist or a buyer. I’m an artist.First off: I’m proud of you. Way to go. You might be interested in NFTs because it gives you a way to sell work that there otherwise might not be much of a market for. If you come up with a really cool digital sticker idea, what are you going to
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