[ICYMI] Mixed fortunes of celebrities who leapt on NFT craze
Driven by high-profile auctions, the market for NFTs exploded in 2021 with sales worth more than $40-billion, according to analytics firm Chainalysis.PARIS - Sports, film and music stars have all flocked to the NFT market to buy pictures of apes, endorse corporate partners or even launch their own art collections.
To fans, they are a status symbol, a key to an exclusive club where ordinary folk can mix with the famous and wealthy. To NFT critics, these apes symbolise all that is wrong in the crypto world -- fundamentally worthless yet selling for vast sums with valuations based on hype. US musician Grimes got in early, managing to bag almost $6 million for some fantasy-inspired art last year.
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