As NFT Crypto Craze Spreads To Domain Names, DigitalArtists.com Sells For $300,000
The non-fungible token hype has extended itself to web addresses with DigitalArtists.com selling for a six-figure amount on Thursday, according to Mike Mann, a domain name entrepreneur.
What Happened: Mann revealed on Twitter that the domain was sold by DomainMarket.com for $300,000.
Digital artists/scientists sold https://t.co/EbOWBLSxE1 $300,000.
— Mike Mann (@mikemanndotcom) March 10, 2021
Mann is the founder of DomainMarket.com, as well as a clutch of other companies such as Phone.com, SEO.com, and AccurateAppraisals.com.
Why It Matters: On the same day, Christie’s sold an NFT-based digital artwork titled “The First 5000 Days” by the graphic designer Beeple for a whopping $69 million.
Last-minute bids led to the valuation, which has made Beeple among the top-three most “valuable living artists,” as per Christie’s.
Unstoppable Domains earlier this week announced it had sold "win.crypto" blockchain domain NFT for $100,000, which according to the company is the "most expensive domain name NFT ever recorded."
Artists such as Grimes — partner of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk — and Lindsay Lohan have jumped on the NFT bandwagon and so have others such as Yum! Brands, Inc (NYSE:YUM) subsidiary Taco Bell.
Price Action: ETH traded 1.49% higher at $1,815.59 at press time, while BTC traded 1.7% higher at $56,930.57.
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