NFT: Fad or future?

The technology has exploded over the past few months and sales of NFTs, according to many estimates, have now topped $500 million

Vignesh Sundaresan, aka MetaKovan, paid a record $69.3 million in March for a virtual collage of JPEG images and a hyperlink. He was ready to pay even more for Beeple’s NFT “Everydays: The First 5000 Days”, bidding for which had started at $100 at Christie’s. 

According to the Indian-origin blockchain entrepreneur, the rise of non-fungible tokens, or NFTs, would be seen as the start of a new age of digital art. “Indians and people of colour, that they too could be patrons, that crypto was an equalising power between the West and the Rest, and that the global south was rising,”