Canadian musician and visual artist Claire Boucher (aka Grimes) sold $6 million worth of digital artwork on March 2. A total of 10 artworks were put up for auction, and a video called Death of the Old fetched the highest price at $389,000. Further, 700 copies of two short videos, Earth and Mars, were sold for a total of $5.18 million. Interestingly, all the pieces were sold as Non-Fungible Tokens (NFTs). NFTs have gained massive popularity in recent time, especially in the digital art and games space.
An NFT is a digital certificate, aka cryptographic token, that lives on a blockchain. Individuals can purchase authentic and credible digital goods, mostly images, videos, and animations, using NFT.
NFTs are unique, and keep a record of an individual’s transaction history. Thoug
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Shraddha Goled
I am a technology journalist with AIM. I write stories focused on the AI landscape in India and around the world with a special interest in analysing its long term impact on individuals and societies. Reach out to me at shraddha.goled@analyticsindiamag.com.
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