$170,000 on a JPG file.
That’s how much Gmoney paid for a CryptoPunk NFT in January. He prefers anonymity and is known only by his internet persona.
“But why?” you may ask. Why did I buy a 24×24 image? “What value does this photograph have?” Go money.
NFTs are e-assets They can be pixelated characters like CryptoPunks, or anything online like art, collectibles, or memes. Each NFT is coded on a public online ledger called a blockchain, which tracks each transaction.
The assets and technology have long-term value to NFT investors. Like any investment, they expect their NFTs to grow over time.
Source – CNBC
Get started with as little as $10.