Opinion | What the Heck are NFTs? Let’s Ask Beeple. (Published 2021)

NFTs are for proof of ownership. He thinks digital proof of ownership will be issued for cars, houses, diplomas, etc.  At its core NFTs is basically a webpage and the technology is basically a blank slate.  It’s extremely speculative right now. A lot will go to zero. The market is irrational.  Not a pyramid, it’s just people buying i... See more

An investor bought 20 pieces from Beeple and put them in virtual museums. Bundled everything, locked it in a smart contract, and sold 10 million shares.  The shares went from $.36 to $25 at a high. Gave Beeple 2%.