A token that is non-fungibleNFT-linked artwork by electronic artist Beeple purchased at under $1,000 in December 2020 happens to be worth $300,000, according to its owner.
The NFT had been purchased for $969 by Edward Fairchild, co-founder of Los cannabis which are angeles-based THC Design. Fairchild stated he’d no idea exactly what an NFT was when he purchased “the culture that is contaminated by Beeple in December 2020, despite being truly a fan of this digital artist, he stated within an article for Business Insider Saturday.
Nor was he aware of the growth that is present NFT product sales until he saw that another content of the same work have been sold for $288,000.
Fairchild has listed his copy that is own on Gateway for almost $1.7 million.
Beeple is during the forefront for the NFT that is recent craze his work “EVERYDAYS: THE FIRST 5000 DAYS” selling on March 11 for $69.3 million in, undoubtedly the largest known sale of an NFT.
While some are saying NFTs are in an amount bubble, Fairchild stated “This feels as though the start of something that we can’t even comprehend yet.”
“as time goes by, increasing numbers of people are going to be investing their time in virtual reality, and NFTs have endless potential regarding ownership of digital assets,” he said.