NFT blockchain drives surge in digital art auctions

NFT blockchain drives surge in digital art auctions

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  1. tldr; Musician Grimes has sold several pieces of digital artwork at auction, raising a total of $6 million. The art in question does not have a physical presence the same way a painting or sculpture does. Instead, the token represents ownership – but not the work itself. The artwork can go up or down in value, but the owner never possesses the original digital file.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*



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