You Think Expensive NFTs Are Over? Think Again!

The art world just witnessed a purr-fect blend of technology and creativity with "Genesis Cat," a digital artwork from the Bitcoin blockchain, fetching a whisker-raising $254,000 at Sotheby's.

This one-of-a-kind piece, part of the Taproot Wizards' Quantum Cats collection, showcases the growing appetite for blockchain-based art and was part of a $1.1 million auction by Sotheby's.

Beyond its artistic allure, the sale reflects a broader trend: the increasing value and recognition of digital assets. Crazy prices for crazy monkeys might be over, but NFTs are here to stay.

This sale and Sotheby's use of cutting-edge technologies exemplify how responsibly embracing synthetic futures, especially in art, can lead to innovative and lucrative outcomes. Is this the new renaissance of digital art valuation?

Read the full article on Coindesk.

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