A Beeple Artwork Just Sold for $69M: NFT Bubble or Everything Bubble?

The record-setting NFT auction is generating significant discussion about art, crypto and the state of the macro economy.

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ABOUT

The record-setting NFT auction is generating significant discussion about art, crypto and the state of the macro economy.

This episode is sponsored by Nexo.io and Casper.

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Everyone paying attention knew that Beeple’s Christie’s auction was likely going to set a new high-water mark for non-fungible token (NFT) sales. Fewer would have guessed that it would lead to the third-highest auction price for a living artist in history.

On this episode, NLW breaks down:

How interest in NFTs is at an inflection point
Why it’s not just digital art but sports collectibles as well
How the traditional collectibles markets are also exploding
Why people think growing NFT prices might be a sign of an everything bubble

Image credit: VPanteon/iStock/Getty Images Plus, modified by CoinDesk

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.