NFT-related stocks draw attention as digital asset buzz grows

FILE PHOTO:"EVERYDAYS: THE FIRST 5000 DAYS" is a collage, by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS

Investors also appeared to be betting that art-related companies would profit from NFT, with U.S. shares in art trading platforms Takung Art Oriental Culture Holding changing hands rapidly on Thursday. Last month, musician and artist Grimes, who is dating Tesla Chief Executive Officer Elon Musk, sold some animations she made on a website called Nifty Gateway for more than $6 million.

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Don't be snookered by NFTs.

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Sotheby’s Enters NFT Digital Art Market, Considers Broader Cryptocurrency OptionsSotheby’s said it's considering an option to eventually let bidders use digital currencies to pay for physical artworks—from prints to Pablo Picassos—as well as digital works HUGE! Major🙌🙌🙌
Source: WSJ - 🏆 98. / 63 Read more »