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Just because people aren't buying cat memes for millions of dollars every single day doesn't mean NFT sales aren't going strong... they are. A sotheby's auction
by twox2 5y ago
Just because people aren't buying cat memes for millions of dollars every single day doesn't mean NFT sales aren't going strong... they are. A sotheby's auction just went live today for a curated collection of NFTs. The auction closes in a week and some of the lots are already in the five figures.
- th0ma5 5y agoThat auction is a bunch of people who could command those prices for the non-nft art as well, so not sure what that proves.
- twox2 5y agoYou're right about that for the most part, but my point is that NFTs are still being bought and sold on a daily basis. Just because there's not an over-hyped multi-million dollar sale every day, doesn't mean "the bubble has popped".
- th0ma5 5y agoUnder the context of a quantity of transactions and the normal person having access to art sales, I'd say that bubble has popped. That also may imply the total market size has popped. But you're right to say that the transaction size perhaps hasn't popped.