NFT artworks that generate 350 times profits in 4 months, can I invest in them too? > NFT_News KDCA(한국데이터공인인증원)

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NFT artworks that generate 350 times profits in 4 months, can I invest…

언론사(미디어) 조선비즈 글쓴이 노자운 보도일 2021-03-23
2,487회 작성일 21-07-15 21:47

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In November of last year, American graphic artist Slimesunday (Mike Farisella) created a digital painting and uploaded it to an online platform under the title “The Last Stand of the Nation State”.

This work, produced by overlaying some images on Jacques-Louis David's 'Invention of the Sabine Women Les Sabimes', had an initial sale price of only $40 , but recently sold for $13,999 in the secondary market. In four months, the price skyrocketed 350 times.

Jacques-Louis David "Invention of the Sabine Women Les Sabimes"(left) and Slime Sunday's 'The Last Stand of the Nation State' (right) parodied this.

In this work by Slime Sunday, NFT(Non-Fungible Token) technology, which connects digital files to cryptocurrencies such as Bitcoin or Ethereum, is applied.

Existing cryptocurrencies can be exchanged one-to-one with other cryptocurrencies with the same value, but NFTs have their own uniqueness and rarity because they are linked to specific files. To put it simply, it is a similar concept to the fact that if you engrave a picture on an ordinary coin and make it into a commemorative coin, its rarity value increases and the price increases.