NFTs: The new darling of the global fashion and design industries
Inside Retail
SEPTEMBER 6, 2021
A relatively unknown artist, Beeple, sold an NFT for US$69 million (A$92.5 million) at a Christie’s auction, making him one of the top three most valuable artists alive. For many artists, NFTs serve as an opportunity to break the glass ceiling. The NFT market has grown over 229 per cent since 2020, to reach over US$500 million.
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