A piece of digital artwork finds itself alongside paintings made by the likes of Picasso, Rothko, van Gogh and Monet as one of the most expensive art pieces sold at an auction in 2021
as 2021’s “Word of the Year” by Collin’s English Dictionary last month, as it beat out the likes of “crypto” and “cheugy” to claim the top spot.While NFT-based art pieces—like the ones made by Beeple—grabbed the bulk of the headlines in early 2021, a majority of interest in NFTs was driven by digital collectibles. Similar to rare Pokemon or baseball trading cards projects like Cryptopunks offered thousands of unique digital collectibles with varying degrees of “rarity.
Owners of the expensive digital asset have received exclusive invites to meetups in California, New York, Hong Kong and several other places. These meetups have included an actual yacht party in New York and aAs their popularity surged in the past year, NFT also emerged at the center of several controversies including accusations of art theft and their potential environmental impacts.
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