The NFT Gold Rush Continues

When Beeple’s Everydays: the First 5000 Days sold in March for $69 million, doubters might have called that moment “peak NFT.” How could a JPEG sell for such an absurd amount of money?

Yet the gold rush has continued unabated. Last week, the average CryptoPunk sale exceeded $500,000 for the first time — not bad for a project that you could have bought for $50 at one point. And that $200 CryptoKitty my partner and I bought on a whim in 2017 would have netted us several thousand dollars today — if we kept our wallet password in a more memorable place.


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