“When it comes to really expensive collectibles, a lot of owners prefer to keep them in vaults or safes, even if they’re insured,” Michael Karnjanaprakorn, founder of Otis, told CoinDesk in an interview. “The idea that you’d want to have something to represent the item, like an NFT, only makes sense. It may be new now, but I can imagine it becoming the standard for the larger … [Read more...] about Auction Platform Otis House to Sell the First NFT of a Bob Ross Painting
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Ross Ulbricht’s debut NFT sold for $6.2M at auction
After announcing the launch of his "Genesis Collection" NFT auction, Ross Ulbricht, alleged founder of dark web marketplace Silk Road, has sold his first NFT for $6.2 million or 1,446 ETH at auction.The auction kicked off at Art Basel Miami via the SuperRare platform. FreeRossDAO, the decentralized autonomous organization set up to help free Ulbricht from imprisonment, placed … [Read more...] about Ross Ulbricht’s debut NFT sold for $6.2M at auction
Silk Road Founder Ross Ulbricht, Who Proved the Case for Bitcoin, Can Do So for NFTs
Now, his latest auction might demonstrate the same utility for NFTs. At heart, NFTs are a way to prove the uniqueness of particular digital items. They are mostly used for in-game items and art, but have applicability across the internet. Like with bitcoin, the idea is that anyone can use, own or trade these assets. Source link … [Read more...] about Silk Road Founder Ross Ulbricht, Who Proved the Case for Bitcoin, Can Do So for NFTs