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Friday, July 23, 2021

Crypto Currency and NFTs: The Market Yet Again Says Digital Property Is Property

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Get a load of this harmonic convergence example of modern market forces at work….

Beeple’s $69 Million NFT Art Sold to Founder of Crypto Fund Metapurse:

“Christie’s said that a cryptocurrency investor based in Singapore called Metakovan won Beeple’s $69 million digital collage at auction—a sale that smashed records in markets for both art and non-fungible tokens, or NFTs.”

This is digital coin – a LOT of digital coin – purchasing digital art.

This is a landmark moment in the evolution of our economy – and the re-acknowledgement of the import of Intellectual Property (IP).

Let’s first define some terms.

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