Non-fungible tokens (NFTs) have revolutionized the art and the entertainment worlds, especially around the way people invest in art, music, and sports. As the popularity of NFTs continues surging, an increasing number of investors are willing to put their money in NFT collectibles.<\/p>\n\n\n\n
According to data from Mejores Apuestas<\/a>, the combined market cap of the top five NFT collections hit $10.2 billion this week, and CryptoPunks account for half of that value.<\/p>\n\n\n\n Three years ago, the world was introduced to CryptoKitties, the NFT collectibles that caused a global hype and are being sold for millions of dollars today. The second major spike in NFT users happened in March this year after the media reported the largest NFT sales to date.<\/p>\n\n\n\n That month, the digital artist Mike Winkelmann, known as Beeple, sold an NFT of his work for a staggering $69 million<\/a> at Christie\u2019s and became one of the top three most valuable living artists.<\/p>\n\n\n\n Christie’s is proud to offer “Everydays – The First 5000 Days” by @beeple<\/a> as the first purely digital work of art ever offered by a major auction house. Bidding will be open from Feb 25-Mar 11.CryptoPunks hit $5.1 billion in market cap<\/strong><\/h2>\n\n\n\n
Learn more here https:\/\/t.co\/srx95HCE0o<\/a> | NFT issued in partnership w\/ @makersplaceco<\/a> pic.twitter.com\/zymq2DSjy7<\/a><\/p>\u2014 Christie’s (@ChristiesInc) February 16, 2021<\/a><\/blockquote>