Follow Us

Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Cybersecurity Privacy Technology Media and Telecom

The World of NFTs

NFTs have been all the rage lately. So what exactly are they?

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NFTs have been all the rage in the world. Mike Winkelmann, a digital artist known professionally as Beeple, sold a collage of his digital images for a record-breaking $69 million. About two weeks later, Twitter CEO Jack Dorsey’s first tweet (“just setting up my twttr”) sold for $2.9 million. Sports icons like LeBron James and Tom Brady have leapt into this market, with a video clip of less than a minute showing James dunking a basketball having been sold for over $200,000. And now, in what many are calling a “social media experiment” that could inspire an episode in the dystopian sci-fi television series Black Mirror, one can buy and sell tokens based on speculating in celebrities’ reputations on BitClout, a social cryptocurrency exchange platform.

To continue reading,
become a free ALM digital reader

Benefits include:

*May exclude premium content

Read These Next