The First 5000 Days is the first NFT work sold by Christies in its 255-year history.

Non fungible token new york times. Non-fungible tokens are digital assets that contain identifying information recorded in smart contracts. As an example a recent NFT token created as an experiment by a New York Times journalist went on to be sold for 560000. NFT tokens have programmable applications that allow the blockchain to self-verify guarantee royalties for creators and allow its use as collateral all without the need for outside intervention from third-party entities like clearinghouses or government entities.

Why would someone pay 500000 for a digital house. From Dorseys tweet to the electronic music track promoted by Teslas famous CEO Elon Musk to the New York Times article sold at auction for 350 ETH the equivalent of 563000 at the time of purchase. New York Stock Exchange and its Non-fungible Tokens In the modern world it is quite popular to launch non-fungible tokens NFTs and the worlds largest stock exchange decided to launch its own NFTs as well.

Nonfungible tokens and blockchain technology are taking the mainstream art world by storm fetching huge prices. The NYSEs first NFTs will memorialize the first trades of several big company listings. A detail from Beeples.

Recently a new term has been piquing the interests of many people. How Beeple Crashed the Art World. The markets involved in collectible tokens are art fashion film gaming and all sectors that offer unique collectible items.

It is the digital ledger technology that powers cryptocurrencies. Non-fungible tokens are digital files. Fundamentally an NFT is a non-fungible token which differentiates it from a fungible token like Bitcoin or other cryptocurrencies.

The NYT sold ownership of a previously-printed column by technology reporter Kevin Roose for over 558000 Thursday in its first-ever experiment with a non-fungible token. A New York Times column that was turned into an NFT sold for more than half a million dollars. An NFT or non-fungible token of the digital artists work sold for sixty-nine million dollars in a Christies auction.