what happenend the NFT market and why selling them is difficult
Why has the NFT hype been left behind, and why might it be a good thing for the technology?
Rise and fall
In February 2021, American visual planner Mike Winkelmann made $69.3 million at Christie’s by selling his painting The Initial 5,000 Days as a NFT marketplace development , a JPEG computerized picture connected to a remarkable token. Genuinely, the artwork never existed, and the computerized picture can be effectively duplicated, yet the possession is allocated to the purchaser — this affirms the one of a kind token related with the picture, which stores data about its proprietor.