Non-fungible tokens (NFTs) — digital assets that represent a wide range of tangible and intangible items and are recorded on a blockchain — reached peak hype a few years ago.
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At the time, they attracted massive amounts of money. For instance, auction house Christie’s sold digital artist Beeple’s collage NFT for $69.34 million in March 2021. Other top NFT sales in 2021 included a two-lot Bored Ape Yacht Club (BAYC) auction from Sothesby’s, which realized $26.2 million for 202 NFTs.
Are NFTs Still Viable Investments in 2024?
Following explosive growth, trading volumes of NFTs also took…
