NFTs can Become a Cornerstone of DeFi

The $69.3 million paid for the NFT Everydays: The First 5,000 Days by the digital artist Beeple is the third highest amount ever paid for any type of art at auction. March of this year saw the hype surrounding NFT reach an absolute fever pitch and this sale was the pinnacle. What followed was a scramble involving seemingly every celebrity to have ever existed to get a piece of the NFT action. Grimes sold a series of gifs as NFTs for $6 million, Jake Paul minted NFTs of himself as a Pokemon character. There was a frenzy that surrounded every NFT minted that had any kind of notoriety. 

Read the full story

read original article here