A digital cat just sold for an ungodly amount of cryptocurrency.
Nyan Cat, arguably 2011’s hottest cat meme, is back in the news this week following the sale of a digital recreation of the artwork for 300 ether. At the time of the Friday sale, that was worth just under $600,000.
Welcome to the wild world of non-fungible tokens (NFTs), unique digital items authenticated on the blockchain, that are selling for upwards of hundreds of thousands of dollars. Artists are selling NFTs via digital marketplaces like Rarible and Foundation — the latter being where Nyan Cat’s creator sold the latest iteration of his iconic cat. Read more…
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