A sign saying "NFT FOR SALE HERE," is seen in a small storefront that hosts digital art collecting platform Neon?s first in-person non-fungible token (NFT) vending machine in Lower Manhattan's financial district of New York City, U.S., March 1, 2022. REUTERS/Brendan McDermid
July 25, 2022 - The "Salvator Mundi" by Leonard da Vinci, a painting that was created more than 600 years ago by one of the most famous artists of all time, sold for $450 million in 2016. The prices obtained for classics and the endless desire to possess them have created a very lucrative marketplace for a limited number of artworks.
But during the past few years, artworks linked to blockchain technology, particularly Non-Fungible Tokens (NFTs), have completely upended valuations and demand and created a level of volatility never seen before by art collectors. For example, "The Merge," by digital artist Pak, sold for $91.8 million in December of 2021. But, at the time of this writing, NFTs have seen their values...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...