Dear Reader, Many Indians were delighted when they found that the winner of the first NFT (non-fungible token) artwork auction was an Indian-origin crypto entrepreneur, Vignesh Sundaresan, who paid a record $69.3 Mn for a digital collage by Beeple titled Everydays: The First 5000 Days. Unlike traditional auctions, the biddings were done in the cryptocurrency Ether. While the world at large is still trying to understand why a piece of digital artwork can be worth so much, technology enthusiasts and art connoisseurs are currently debating on social media if NFTs will be the future of buying and selling art. But... This is an Inc42 Plus Member Exclusive story. Read this story on Inc42.[The Outline By Inc42 Plus] Can Crypto Fuel India’s $5 Tn Dream?
Dear Reader, Many Indians were delighted when they found that the winner of the first NFT (non-fungible token) artwork auction was an Indian-origin crypto entrepreneur, Vignesh Sundaresan, who paid a record $69.3 Mn for a digital collage by Beeple titled Everydays: The First 5000 Days. Unlike traditional auctions, the biddings were done in the cryptocurrency Ether. While the world at large is still trying to understand why a piece of digital artwork can be worth so much, technology enthusiasts and art connoisseurs are currently debating on social media if NFTs will be the future of buying and selling art. But... This is an Inc42 Plus Member Exclusive story. Read this story on Inc42.
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