The NFT party is over and everybody now owes storage rent
In 2021, Christie's sold a Beeple NFT for $69.35 million, and Sotheby's took another $24.40 million for 101 Bored Ape Yacht Club NFTs, giving cartoon primates the kind of auction-house treatment usually reserved for Fabergé eggs. But now, not five years later, one of the marketplaces that helped sell the digital art revolution is explaining […] The post The NFT party is over and everybody now owes storage rent appeared first on CryptoSlate.
Key Takeaways
- In 2021, Christie's sold a Beeple NFT for $69.35 million, and Sotheby's took another $24.40 million for 101 Bored Ape Yacht Club NFTs, giving cartoon primates the kind of auction-house treatment usually reserved for Fabergé eggs.
- But now, not five years later, one of the marketplaces that helped sell the digital art revolution is explaining […] The post The NFT party is over and everybody now owes storage rent appeared first on CryptoSlate.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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