Home NFT What are NFTs and should designers be thinking about crypto art?

What are NFTs and should designers be thinking about crypto art?

Government | NFT
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Source | Design Week

Non-fungible tokens and crypto art have shot to popularity in recent weeks with a series of high-profile and high-value pieces – but what are they and should designers be paying attention?

“I’m going to Disney World,” said Mike Winkelmann earlier this month, after bidding closed on his digital collage work auctioned at Christie’s New York.

Sold for $69 million (£49.5 million), Everydays: The First 5000 Days has earned its creator – who goes online by the name Beeple – more than a few trips to the Magic Kingdom.

Winkelmann’s recent sale has set the record for the growing market of non-fungible token (NFTs) art sales. How long The First 5000 Days will remain in the top spot is unknown. If soaring auction prices and record-breaking sell out sales are anything to go by, it could soon be eclipsed by another piece.

Brendan Dawes

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