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Tech & Innovation
9 mins to read

NFTs: All hype or useful new tech?

An auction of digital art has ignited interest but the technology has serious flaws.

Hadyn Green Mon, 22 Mar 2021
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

It was the sale of the year, maybe even the century. This month Christie’s auction house sold an artwork titled Everyday: The first 5000 Days by an artist known as Beeple for ethereum cryptocurrency valued at US$69.3 million ($96.5m), the third highest sale for a living artist.

The price

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Contact the Writer: hadyn@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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NFTs: All hype or useful new tech?
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