BREAKDOWN: 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.

This episode is sponsored by Nexo.io and Casper.

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 pointWhy it’s not just digital art but sports collectibles as wellHow the traditional collectibles markets are also explodingWhy people think growing NFT prices might be a sign of an everything bubble

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

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