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ETH breaks $3000. But NFT prices are crashing. Will some "collectors" get wobbly on the long term value of these assets? One data point to watch is Christie's
by ArtWomb 5y ago
ETH breaks $3000. But NFT prices are crashing. Will some "collectors" get wobbly on the long term value of these assets?
One data point to watch is Christie's live auction of 9 Cryptopunks. Final bid below $9M may look "over" next to a rare Basquiat skull painting shattering records:
https://www.christies.com/lot/lot--6316969/ https://www.christies.com/lot/lot--6316969/
One phenomenon that looks interesting: Proc Gen gambling systems! Simulacra with more appeal than the actual Kentucky Derby.
Digital Horses Are the Talk of the Crypto World by Taylor Lorenz
https://www.nytimes.com/2021/05/01/style/zed-run-horse-racing.html https://www.nytimes.com/2021/05/01/style/zed-run-horse-racin...
https://zed.run/ https://zed.run/
And just this morning, US Fed's CBDC moves beyond the "hypothetical" into the "experimental" stage (with help from Accenture).
https://www.reuters.com/article/us-cenbanks-digital-usa/digital-dollar-project-to-launch-five-u-s-central-bank-digital-currency-pilots-idUSKBN2CK0S6 https://www.reuters.com/article/us-cenbanks-digital-usa/digi...